Monday, Nov 24, 2008
5 Comments
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1. malct said...
Is America facing an even greater threat to its economy than the meltdown of its banking system? David Walker, the former Comptroller General of the United States believes that his country is about to drown in an ocean of debt. He's so concerned that he quit his job to raise public awareness on the issue. He believes his message to be the financial equivalent of former president Al Gore's warning about the environment, An Inconvenient Truth.
The statistics are staggering, with the US Government debt running at more than ten trillion dollars and set to rise and rise unless policy changes. And with many people urging new President Barack Obama to spend his way out of recession, it may be that the underlying weakness of the American economy can only get worse.
2. japanese uncle said...
Al Gore's warning was a fake, this man's warning is geuine.
3. Waitingtobuy said...
America was bottom of the list for trade surplus--did anyone notice who was last but one? you guessed it---uk
4. planning4acrash said...
Except, JU, that he may well be blaming consumers, etc. I haven't watched it, but, well, say, manmade global warming & capitalism/greed caused debt OR, natural climate change & central banked issued debt.
5. drewster said...
Should be on iPlayer shortly. BBC iPlayer - BBC Two - Monday 24th (Today)