Government watchdog says control spending or face economic meltdown

01/15/2007 @ 11:16 am

Filed by Michael Roston

n an overlooked hearing last Thursday, the head of a government watchdog agency warned of looming disaster for America's economy if an effort isn't made to control spending, RAW STORY has learned. Adding that decision-makers in Washington suffer from "tunnel vision and "myopia," he said that getting the budget under control could even require steep tax increases if action isn't taken now.