Sunday, March 16, 2008

Politicians and Fiscal Responsibility

As the country awaits the verdict on the Democratics primaries and watches the positioning taking place between the two political parties, it struck me as very interesting that no presidential candidate seems to speak about fiscal responsibility. The recent senate vote to ban "earmark" spending for one year was very dissappointing losing by a vote of 79 - 21. I should note that all three presential candidates voted for the measure. But that being said they all seem to have great plans to help everyone - but no real plan to pay for it. The public should be up in arms that our elected officials have no interest in trying to show some fiscal reponsibility.
Sad to see that the Democrats could not keep their hands out of the cookie jar - they missed a big chance to differentiate themselves from the Republicans - but they are politicians and as such should not be trusted to spend the money we entrust to them.....

On that topic, David M. Walker, who has headed up the Government Accountability Office ("GAO") since 1998 stepped down this month to join The Peter G. Peterson Foundation to continue his efforts to address the lack of fiscal reponsibility in our government. Walker has tirelessly warned the public and our politicians of their need to face the facts and address our run-away entitlement spending. For one of his recent presentations click here .