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Cockpit Alarm Off

The Comptroller General of the U.S. is the senior accountant for the federal government, similar to a Chief Financial Officer of private industry.  He is appointed to a fifteen year term, similar to federal judges, so that he can speak freely about the nation’s finances.

Last October (2007), David M. Walker, ten years into that fifteen year term as Comptroller General, began giving speeches around the United States warning of a pending “catastrophic financial crisis” if the government did not react immediately to head it off.  

Walker resigned that post March 12, 2008 so that he could spend all of his time warning of the coming financial collapse. 

Six months later that position has still not been filled. It can only be deduced that the government does not wish to give attention to Walker nor does it want anyone else in that official position to be able to tell the truth.   It’s as if the cockpit alarm has been turned off!

See Also:   60 Minutes program video



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