<em>Patt Morrison</em> is known for its innovative discussions of local politics and culture, as well as its presentation of the effects of national and world news on Southern California.
Hosted by
Airs

Deficit of ideas on overcoming the federal deficit




David Walker's Comeback America Initiative will attempt to create fiscal solutions and engage the public in implementing such solutions.
David Walker's Comeback America Initiative will attempt to create fiscal solutions and engage the public in implementing such solutions.
Christopher Furlong/Getty Images

Listen to story

26:46
Download this story 12MB

It’s politically sexy to hate annual budget deficits—Democrats, Republicans and independents all state the closure of budget deficits, and eventual elimination of the national debt, as policy priorities. And yet, there are no solid ideas on how to get there, without causing major pain for some segment of the American public (seniors on Social Security, impoverished Americans relying on social services) or major political pain for the political parties. Enter former United States Comptroller General David Walker, who is leaving his post as CEO of the Peter G. Peterson Foundation to spearhead a new fiscal initiative aimed at promoting and achieving solutions to our current economic crisis. The Comeback America Initiative, which has received a three-year grant from PGPF, will attempt to create fiscal solutions and engage the public in implementing such solutions. Walker is here to discuss his new initiative, and we ask, “Does the country have what it takes to battle the debt?”

Guest:

David Walker, former Comptroller General of the United States and current President and CEO of the Peter G. Peterson Foundation; Founder and CEO of the Comeback America Initiative and author of Comeback America: Turning the Country Around and Restoring Fiscal Responsibility