Monday, April 29, 2024

Congressional Inaction On Debt 'Irresponsible, Inequitable, And Immoral' Says Former Comptroller

 The former U.S. Comptroller General said Congress' failure to address the federal debt burden was "Irresponsible."

David Walker, former Comptroller General of the United States and a member of the Main Street Economics Advisory Board, said recent economic data should prompt lawmakers to take action before the debt problem gets worse.

Walker said the reports won't make reducing unsustainable growth in federal debt any easier.

"It's time for Washington to stop the rhetoric, get to work on resolving the national debt, and show the voters some results," he said.

The International Monetary Fund warned the United States that government spending and increasing national debt are not sustainable and could hurt the global economy.

"Amid mounting debt, now is the time to bring back sustainable public finances," according to the latest IMF Fiscal Monitor report.

The debt warning follows several other high-profile calls to address growing U.S. debt. 

https://justthenews.com/nation/states/center-square/congress-inaction-debt-irresponsible-says-former-comptroller

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