In this episode I sit down with David Walker, a former Comptroller General of the United States, acclaimed author, and esteemed voice in the realm of public finance and fiscal responsibility. David Walker's influential career spans government, the private sector, and academia. A notable figure in fiscal reform and sustainability, his insights are grounded in decades of experience and a deep commitment to public service—a drive shaped in part by his ancestors who participated in the American Revolution.
Topics Covered:
**Social Security and Medicare Reform**
**Fiscal Sustainability and Responsibility**
**Healthcare Reform Initiatives**
**Tax System Overhaul**
Time Stamps:
00:00 David's family history, service, and career achievements summarized.
08:48 Political system exacerbates the divide between ideologies.
14:09 Socialist programs lock the poor into poverty.
18:47 Massive tax hike needed to balance the budget.
26:30 China and India control 45% of world GDP.
30:20 Tough choices needed for spending and taxes.
37:47 Reforming tax system and benefits for equality.
40:44 Radical tax reform proposal prompts collective thinking.
52:28 Learn from history, improve education, teach responsibility.
57:52 Public money spent, liabilities not accounted for.
01:01:27 Public calls for changes in Social Security.
01:07:38 Leaders must engage for a better future.
You will find immense value in this episode, gaining a clearer understanding of the urgent fiscal issues facing the United States and practical, actionable solutions proposed by two leading experts. The discussion is not only a call to action but also an informative guide on how each of us can contribute to shaping the fiscal and economic future of the nation.
Economic Matters - The podcast is hosted by Laurence Kotlikoff, a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.
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David Walker, former Comptroller General of the United States, Talks Financial Insolvency, Policy Solutions, and Politics