Former U.S. Comptroller General Elected to Lead Fiscal Sustainability Foundation

In a significant development for advocates of fiscal responsibility, the Federal Fiscal Sustainability Foundation (FFSF) has announced the election of David M. Walker, former U.S. Comptroller General, as its new Chairman. This appointment underscores the foundation's commitment to addressing the United States' escalating national debt and promoting sustainable financial practices at the federal level.

Walker, who has served under multiple presidential administrations from Reagan to the present, brings a wealth of experience to the role. His career includes three presidential appointments with unanimous Senate confirmation, as well as leadership positions in federal agencies, non-profits, and the private sector. Walker's extensive background in public finance and governance positions him as a formidable advocate for the FFSF's mission.

The FFSF, a non-partisan, non-profit organization, is dedicated to restoring fiscal sanity and sustainability in Washington, D.C. The foundation's primary objective is to secure a Fiscal Responsibility Amendment to the U.S. Constitution, to be ratified by State Conventions of pledged delegates, similar to the process used for the 21st Amendment.

The urgency of the FFSF's mission is highlighted by the alarming growth of the national debt. Walker pointed out, "The federal government just passed $35 trillion in debt, up from $5.7 trillion in 2000 and less than $1 trillion in 1979. Washington has lost control of the nation's finances." This rapid increase in debt underscores the need for constitutional measures to enforce fiscal discipline.

The foundation's approach involves leveraging Article V of the Constitution, which provides a pathway for constitutional amendments through a Convention of States. Despite support from more than 34 states since 1979, Congress has yet to act on this issue. In response, the FFSF is pursuing legal action against Congress and supporting legislative measures, such as H.C.R. 24 introduced last year, to compel congressional action on Article V obligations.

Walker emphasized the critical nature of this initiative, stating, "The ticking federal debt bomb threatens our collective future. Failure to act will have serious adverse consequences for our economic security, national security, international standing, and domestic tranquility over time." He asserts that a Constitutional amendment is the only way to force current and future Congresses to restore fiscal sanity and sustainability.

The FFSF board, which includes distinguished leaders from various sectors, reflects the broad-based support for fiscal reform. This diverse group of experts and thought leaders adds credibility and depth to the foundation's efforts.

As the national debt continues to grow, the work of organizations like the FFSF becomes increasingly vital. The election of David M. Walker as Chairman signals a renewed and intensified effort to bring about meaningful fiscal reform through constitutional means. This development could have far-reaching implications for the nation's economic future and the financial well-being of current and future generations of Americans.

The Federal Fiscal Sustainability Foundation's initiative represents a significant attempt to address one of the most pressing economic challenges facing the United States. As this story develops, it will be crucial to monitor the progress of their proposed Fiscal Responsibility Amendment and its potential impact on federal fiscal policy.