Listen "Former U.S. Comptroller General: “We’re ONE Failed Debt Auction From Global Depression”"
Episode Synopsis
In this hard-hitting episode of Redefine Retirement, host Ryan Wheless sits down with Hon. David M. Walker, former U.S. Comptroller General and chief accountability officer who led the Government Accountability Office under Presidents Clinton and Bush, delivering a staggering $100 return per dollar invested. Walker sounds the alarm on America’s escalating $2 trillion annual debt, warning of a looming debt crisis triggered by failed auctions, soaring interest costs, and the 2032 depletion of Social Security and Medicare trust funds—potentially slashing benefits 24% and 10–15% respectively if Congress fails to act. He outlines a two-pronged “Plan A” to avert catastrophe: a constitutional debt-to-GDP cap via Article V state action and a statutory fiscal sustainability commission to force tough spending cuts and revenue hikes, while prepping “Plan B” emergency measures like tax surcharges and blanket freezes. Walker urges retirees to accelerate Roth conversions as future tax rates inevitably rise, diversify beyond fiat dollars, and pressure politicians to defuse this generational theft—insisting that only “We the People” can keep America great before the ticking fiscal bomb explodes.Subscribe to our YouTube Channel: https://www.youtube.com/@alliedwealthFollow Allied Wealth on Instagram: https://www.instagram.com/allied_wealth/?hl=enVisit the Allied Wealth website to learn more: https://alliedwealth.com/PRODUCED BY IRONCLAD
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