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Thursday, February 21, 2008

FederalNewsRadio - Ask the CFO - David Walker (GAO)

Government Accountability Office

David Walker - Comptroller General

Walker paints a stark picture of the nation's fiscal health, warning that if the government was a private sector company the 2007 Financial Report of the United States would have "our stock dropping and there would be talk about whether the company's management and directors needed a major shake-up." He says what is needed is a return to strict budget controls, the development of key national indicators and more of an effort to translate complex financial statistics into plain, old English. He also weighs in on how the fiscal crisis ranks with terrorism as far as threats go and on what all this means for government CFOs.

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