Local experts on the national debt, in conjunction with respected and informed citizens across the country, have formed a group to bring the isssue to the forefront of the campaigns of both parties in 2008, as the first Baby Boomers retire. This comment, upon the release of the latest federal numbers yesterday: “Like Enron, the Treasury does not report massive debt on its balance sheet,” said Sheila Weinberg, founder and CEO of the Institute for Truth in Accounting and head of the Truth in 2008 campaign. “Enron’s hidden liabilities were in the millions—the federal government’s hidden liabilities are more than $45 trillion. Enron’s downfall affected thousands—the federal government’s inability to pay promised benefits will affect millions. Right now, the numbers show our obligations at $180,000 a person. The time to address this issue is now.”
David Walker, the nation’s top accountant and the leader of a national “fiscal wake-up tour,” is a supporter of the Truth in 2008 campaign and commented on the numbers today at the National Press Club. Walker noted that “most Americans are starved for truth and leadership”.
For more information and to get involved, go to Truth in 2008.
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