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The Democratic and Republican nominating conventions are fast approaching, and both candidates will be talking about pressing issues for all Americans, including energy policy, national security, and the economy. What's likely to be missing from their remarks, however, is the most significant long-term threat to the country's future: the issue of our real national debt -- $53 trillion in financial obligations.
Based on our current liabilities and unfunded promises of Social Security and Medicare, taxes would have to more than double over the next few decades in order for the government to pay its bills and deliver on its commitments. Worse still, the programs on which Americans depend would become woefully underfunded.
What kind of example does that set for many Americans who struggle to save even a small amount? Join the nation's former Comptroller General Dave Walker and ask the presidential candidates to wake up to the coming fiscal crisis and address the issue plainly to the American people. Our country needs leadership on this issue.