Former comptroller of the United States David Walker and Concord Coalition Executive Director Robert Bixby, who have been traveling the country warning about the dire shape of the federal government’s deficit and debt problems, said neither 2012 presidential candidate is offering a detailed plan to adequately address the nation’s long-term structural problems. . . .
Bixby said the current U.S. fiscal policy is unsustainable. He said getting the nation’s financial house in order will require charting a politically sensitive course that will include revamping major entitlement programs like Medicare, Medicaid and Social Security; cutting overall spending; controlling health care costs; and reforming taxes to raise revenue.
“We need some leadership from our leaders,” he noted. “The public is ready to make these choices if they are dealt with honestly and they have the facts. The public is willing. What is difficult to get through is the political chaff, the political fire that tends to polarize rather than bring people to consensus.”