"We are heading to a future where we'll have to double
federal taxes or cut federal spending by 60%."
"We face large and growing structural deficits largely
due to known demographic trends."
"In the past several years, our nation's total liabilities
and unfunded commitments have risen from about
$20 trillion to about $53 trillion."
"These unfunded commitments translate to about
$700,767 per household and is growing every second."
Quotes above from former GAO Comptroller General David Walker, June 7th, 2006
"As a nation, we have already made promises to
coming generations of retirees that we will be
unable to fulfill."
Quote from Alan Greenspan, USA Today, November 2004
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