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David M. Walker "Comeback America"
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Monday, Feb 8, 2010, 11:30 AM until 1:00 PM
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| Where: |
Union League Club of Chicago
65 West Jackson
Chicago, IL
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| Additional Info: |
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| Contact: |
Not Selected
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| Category: |
UnionLeagueAuthors |
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| Registration: |
Required By Sunday, February 07, 2010
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| Payment: |
Payment In Advance Only
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| Capacity: |
0
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Filled
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| Registrants & Fees: |
| Registrant | Fee | | Non-member | $ 45.00 | | UCWBG member | $ 35.00 |
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David M. Walker "Comeback America: Turning the Country Around and Restoring Fiscal Responsibility"
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He's one of America's foremost independent financial experts. As comptroller general of the United States and head of the U.S. Government Accountability Office (GAO) from 1998-2008, "the nation's top auditor" David M. Walker warned Congress, and the Clinton and George W. Bush administrations that America faced a large and growing fiscal imbalance due largely to known demographic trends and rising health care costs.
Unfortunately, the numbers have gotten worse and our fiscal gap has grown dramatically in recent years. Now, as president and CEO of the non-partisan Peter G. Peterson Foundation, Walker works full-time to raise public awareness regarding our nation's growing deficits, mounting debt burdens and dangerous dependency on foreign lenders.
Walker believes that by 2030, absent significant reforms to current government programs and policies, federal taxes could double from current levels, meaning less money and poorer education for kids—which will hurt families along with our nation's economic strength and position in the world. If our foreign creditors—such as China—decide to buy fewer of our Treasury bonds, interest rates will rise and cars and homes will become less affordable.
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But it doesn't have to be that way. Comeback America shows how we can return to our founding principles of fiscal responsibility and stewardship for future generations. The book includes bold ideas to control spending, save Social Security, dramatically alter Medicare, and simplify the tax code—all taking into account the Obama Administration's current efforts, which receive never-before-published assessments both complimentary and critical.
Books will be available at the luncheon for purchase and signing.