Editors Choice: Federal government addicted to debt – Post No. 021508-4

Part One
Part Two
David Walker| GAO former – Comptroller
THE ISSUE: Brother, can you spare 530 trillion dimes to bail out the federal government?
$53,000,000,000,000.
That’s the federal government’s total liabilities and unfunded commitments, from Medicare, to Social Security, to public debt on pensions. That’s according to  David Walker, the now former U.S. comptroller general and head of the [...]

David Walker Resigns as U.S. Comptroller General – Post No. 021508-3

“US Government Debt Mounting”
“As comptroller general of the United States,” says David Walker, the federal government’s top accountant, “there are real limitations on what I can do and say in connection with key public policy issues, especially issues that directly relate to GAO’s client – the Congress.”
Despite the “very difficult” nature of [...]

President’s Budget Fails U.S. Small Businesses – Post No. 021508-2

News From the
Committee on Small Business
Nydia M. Velázquez, Chairwoman
FY2009 Proposal Amounts to 33% Decline in Funding Over Past Seven Years
WASHINGTON, D.C. – Americans are facing a worsening credit crunch, millions are in peril of losing their homes, and the economy continues to show clear signs of a looming recession.  The situation calls [...]

Veteran, Reservist Bill Signed Into Law – Post No. 021508-1

WASHINGTON – Yesterday, bipartisan legislation authored by Senator John Kerry (D-Mass.) to aid veteran and reservist entrepreneurs was signed into law. Kerry’s bill, cosponsored by Sen. Olympia Snowe (R-Maine), will increase loans and business training resources to veterans and help reservists keep their businesses afloat during deployment.
“Massachusetts’ 477,000 veterans, including the more than 28,000 who [...]