FORMER GAO HEAD: U.S. NATIONAL DEBT IS ACTUALLY ABOUT $65 TRILLION

[Revmitchell]

On Sunday, New York City’s AM 970 host John Catsimatidis welcomed former U.S. comptroller of the Government Accountability Office (GAO) chief David Walker on his “The Cats Roundtable” program.

In the interview, Walker said that Americans have “lost touch with reality” when it comes to spending and he warned that the national debt in the United States is more than triple what people believe it to be.

“If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional under-funding for Social Security, the additional under-funding for Medicare, various commitments and contingencies that the federal government has, the real number is about $65 trillion rather than $18 trillion, and it’s growing automatically absent reforms.”

http://www.breitbart.com/video/2015...-national-debt-is-actually-about-65-trillion/

 

[InTheLight]

http://www.breitbart.com/video/2015...-national-debt-is-actually-about-65-trillion/

Hmmmm....following this same reasoning-- when Democrats complain about reducing these future payments those actions may rightly be claimed to be spending cuts. Is that about right?