1
April
U.S. Standard of Living Unsustainable Without Drastic Action, Former Top Govt. Accountant Says
1 April 2010 Yahoo News
Who will bail out America? A longtime budget hawk and currently CEO of the Peter G. Peterson Foundation, David Walker says America's growing long-term debt is dangerously close to passing a "tipping point" that could trigger soaring interest rates and a plummeting dollar. In a worst case scenario, that could trigger a "global depression," he says, warning: "Nobody's going to bail out America."
