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Western World Headed for Financial Crisis?

Published on 18/02/08
by Will Pate

David Walker, Comptroller General (Chief Accountant) of the United States is sounding the alarm bell about the fundamentals of the US economy. He says that the government has dug a hole of debt and spending that is the single greatest threat to the country. On Friday he left his post at the Government Accountability Office to run a 1 billion dollar funded foundation to “fund initiatives to address problems such as reducing budget deficits, curtailing Federal entitlement programs, reducing dependency on oil and conserving energy.” Here’s hoping he can get people to pay attention.

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