Retirement Talk Radio's Podcast

Most people don’t understand the connective tissue that exists between government spending and how that impacts us all because it’s our responsibility to pay that money back. David Walker, the seventh Comptroller of the United States, is one of the handful of well-respected experts that are telling us that America is facing large economic problems due to recent fiscal policy and growing national debt. As Walker points out in his latest book, becoming a global superpower requires a country gaining power in four areas: economic, diplomatic, military, and cultural. That economic strength being the most important because it impacts the ability to influence through diplomacy, build the military, and increases opportunity to make a cultural impact. And that’s where our country is currently wavering.   In order to address the issue of rising debt and inflation, you have to reduce spending or cut some of the entitlements. That likely means higher tax rates – potentially significant – could be on the horizon and you