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This is the Cato Daily Podcast for Thursday, December 16th, 2021.

I'm Caleb Brown.

The debt-fueled big spending of the federal government has been going on for decades,

and of course it's even accelerated.

It's not sustainable and the costs of going with the flow may be devastating.

David Walker is a former U.S. Comptroller General, he discusses his ideas to restrain profligate spending.

You are credited with your time at GAO, and this is a minor thing in the grand scheme of things but the thing that jumped out at me

was renaming the office from general accountability office?

No, it was the General Accounting Office and it was renamed to the

Government Accountability Office and let me tell you why.

Go ahead.

When I came in as Comptroller General of the United States and CEO of the GAO, the name General

Accounting Office had been in existence since its creation in 1921, and I knew from the outset

that that was a problem.

...