Walker’s not the only one saying it. As Congress and the White House struggle to trim up to $50 billion from the federal budget over five years – just 3% of the $1.6 trillion in deficits projected for that period – budget experts say the nation soon could face its worst fiscal crisis since at least 1983, when Social Security bordered on bankruptcy.
Without major spending cuts, tax increases or both, the national debt will grow more than $3 trillion through 2010, to $11.2 trillion – nearly $38,000 for every man, woman and child. The interest alone would cost $561 billion in 2010, the same as the
Update by Stephen VanDyke: Shane Cory writes:
I know it’s just a title for your site’s latest entry but Ross Perot has dropped out of politics for good. I spoke with Russ Verney a few weeks ago and Ross has created a private hospital to treat Iraq war veterans that the government was failing to assist.
Here’s a link to an older story about Perot being honored for his assistance of Vietnam Veterans.