On our TV last night, I saw an amazing programme based on the work of David Walker and others, on the theme of fiscal irresponsibility, trade deficit, and overseas borrowing of the USA.
In the fall of 2006 Walker began a "Fiscal Wake-Up Tour" designed to "state the facts and speak the truth regarding the nation’s current financial condition and long-term fiscal outlook in order to increase public awareness and accelerate actions by appropriate federal, state, and local officials." Partnering organizations include the Concord Coalition, Heritage Foundation, Brookings Institution, Committee for Economic Development, Association for Government Accountants, AICPA, AARP, Committee for a Responsible Federal Budget and others. The campaign to sound the alarm on US fiscal irresponsibility is scheduled to last through 2008.
The situation as described is beyond crisis.
I wonder if this is getting the publicity it merits, over there.