309: America’s National Debt: What it Means for Your Retirement with Former U.S. Comptroller General, David Walker

Today, I’m talking to David Walker. David served as Comptroller General of the United States under both Bill Clinton and George W. Bush. Since leaving government in 2008, he has been focused on spreading awareness and talking about the national debt. He was the subject of the film I.O.U.S.A., named by Roger Ebert as one of the best documentaries of 2008, and is the author of a number of books, including Comeback America: Turning the Country Around and Restoring Fiscal Responsibility.

I saw David speak back in 2010, and I’ve always been a huge admirer of his work. He’s a huge believer in the importance of reeling in our debt. In his new book, America in 2040: Still a Superpower? A Pathway to Success, he compares the United States to the Roman Empire in decline and the steps that we can take to avoid that outcome. 

In today’s conversation, David and I dive deep into the matter of the national debt. You’ll learn not just why David thinks debt matters, but how it impacts us as individuals–and what we can do about it. You’ll learn about how our national debt, high taxes, and inflation are all inextricably linked, the policies that need to change, and how to factor the challenges that might come into your retirement plan.

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In this podcast interview, you’ll learn:

• Why David believes a constitutional amendment is the only thing that might get our national debt under control.
• How debt contributes to out of control inflation and recession.
• Why taxes are all but guaranteed to go up so long as we fail to address our national debt.
• What needs to happen to reel in healthcare and education costs.
• How David has planned for retirement–and what retirement means to him.

Show Notes: RetireWithPurpose.com/309

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