TITLE

Facing Facts about America's True Financial Condition and Fiscal Outlook

AUTHOR(S)
Walker, David M.
PUB. DATE
July 2004
SOURCE
Business Economics;Jul2004, Vol. 39 Issue 3, p7
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In addition to external security threats, America is threatened from within by growing fiscal imbalances. The combination of entitlement programs, demographics, and rising health care costs create the need to make choices that will only become more difficult the longer they are postponed. The difficulty of making such choices is magnified by inadequate information, unfunded commitments being an especially important example. Truth and transparency in government financial reporting is badly needed, and the public must be made aware of the magnitude of the problems that will be imposed by ever-increasing fiscal imbalances and must demand change.
ACCESSION #
14072220

 

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