Former U.S. Comptroller General warns the nation is close to a similar situation that led to a major budget crisis in Greece and leaders "punted" on the big four programs that need to be addressed to solve the deficit problem.
Former Head of the Government Accountability Office David Walker called out the leaders in Washington whom he said “punted” on the debt deal.
“The tough choices will probably not be made until after the 2012 elections,” he said.
In a conversation with David on this week’s midweek PRESS Pass, the former US Comptroller General (1998-2008) warned that the US is close to a similar situation that led to major budget crisis in Greece. The difference is, he said, “Greece has got somebody to bail it out. We don’t.”
Watch David’s full interview with David Walker above to hear more of his take on the debt deal and whether or not he will run for the Senate in 2012.