[Heimdallr]

The fact of the matter is that the US is bankrupt. David M. Walker, Comptroller General of the US and head of the Government Accountability Office, in his December 17, 2007,report to the US Congress on the financial statements of the US government, noted that “the federal government did not maintain effective internal control over financial reporting (including safeguarding assets) and compliance with significant laws and regulations as of September 30, 2007.” In everyday language, the US government cannot pass an audit.

Moreover, the GAO report pointed out that the accrued liabilities of the federal government “totaled approximately $53 trillion ($53,000 billion) as of September 30, 2007.” No funds have been set aside against this mind boggling liability.

Frustrated by speaking to deaf ears, Walker recently resigned as head of the Government Accountability Office.

Paul Craig Roberts is a TRUE patriot, unlike those who continue to lead America into the abyss.


Former Assistant Secretary of the
U.S. Treasury Paul Craig Roberts