U.S. Debt Is Triple The Oft-Cited Figure Of $18 Trillion: Ex-GAO Head

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The ex-GAO head says the real U.S. debt level is closer to about $65 trillion, which is three times bigger than what has officially been announced. Dave Walker, who headed the Government Accountability Office (GAO) under former Presidents Bill Clinton and George W. Bush, said the large national debt hinders the government’s ability to conduct both domestic and foreign policy initiatives. U.S. Debt – Really $65 trillion? The former U.S. comptroller general said when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the U.S. debt number generally advertised. Walker told host John Castimatidis on The…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports