Political Quotes

“first I want to commend David Walker for his years of service as U.S. Comptroller General, heading up the Government Accountability Office. Mr. Walker is a highly respected CPA from Atlanta and for the last few years has been trying to be a Paul Revere about the horrible financial condition of the Federal Government. He has appeared before many Congressional committees and on television and has traveled around the country trying to sound the alarm about our $9 trillion national debt, and, even worse, our $53 trillion in unfunded future pension liabilities. Two days ago in the Washington Times he was quoted from testimony he gave about Iraqi oil revenues. "The Iraqis have a budget surplus," Mr. Walker said. "We have a huge budget deficit. One of the questions is who should be paying." Stewart Bowen, Inspector General for Iraq reconstruction, said increased production, along with the highest oil prices in history, "coalesce into an enormous windfall for the Iraqi government." Mr. Bowen said Iraqi oil revenue is now around $60 billion, and probably headed higher. Most estimates are that we have been spending approximately $12 billion a month on the war in Iraq, a really astounding figure if you stop to think about it. However, even worse, the request for this fiscal year is $189 billion, or $15.75 billion a month. This comes out to $500 million a day. There is certainly nothing fiscally conservative about the war in Iraq.”