The Hill: The former U.S. comptroller general says the real U.S.
debt is closer to about $65 trillion than the oft-cited figure of $18
trillion.
Dave Walker, who headed the Government Accountability Office (GAO)
under Presidents Bill Clinton and George W. Bush, said when you add up
all of the nation’s unfunded liabilities, the national debt is more than
three times the number generally advertised.
“If you end up adding to that $18.5 trillion the unfunded civilian
and military pensions and retiree healthcare, the additional
underfunding for Social Security, the additional underfunding for
Medicare, various commitments and contingencies that the federal
government has, the real number is about $65 trillion rather than $18
trillion, and it’s growing automatically absent reforms,” Walker told
host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in
an interview airing Sunday.
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