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U.S. Comptroller General David Walker48:23
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photoFew have monitored the country's financial pulse as closely as David Walker — Comptroller General at the Government Accountability Office. When he says America's heading toward financial Armageddon, it's time to take notice.

Though President Bush has announced some rosy budget numbers this month, Walker is still crying "fire" over America's giant federal deficit.

Hear a conversation with U.S. Comptroller General David Walker about what he calls a chilling picture of America's financial future.

Guests:

David Walker, Comptroller General at the Government Accountability Office, a 3,200-employee government body that monitors all federal programs. He was appointed by President Clinton for a 15-year term in 1998;
Phillip Swagel, former chief of staff at the Council of Economic Advisers under George W. Bush from 2002 until February, 2005. He is currently a resident scholar at the American Enterprise Institute.

This program aired on July 26, 2005.

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