U.S. Standard of Living Unsustainable Without Drastic Action, Former Top Govt. Accountant Says

Sounds familiar. The US debt-based spending machine, like an addict, needs to hit rock bottom before changes are made. Eventually, the market will overcome intervening interests to force the discipline necessary to set up the economy for the next secular expansion.

But the outrage over health-care really isn't about the actual bill, says our guest David Walker, former U.S. Comptroller General and head of the Government Accountability Office. "It was really more about the fact that government is out of touch and out of control."

Source: finance.yahoo.com