David Walker : The U.S. faces a debt much larger than the bailout plan . It took an additional $ 100 billion in incentives -- some would call them `` sweeteners ; '' others might call them bribes -- to get lawmakers to pass the rescue package . Walker : No one is going to bail out America , we have to do it ourselves . U.S. needs time to examine how to cut $ 53 billion long - term debt , he says . Social Security , health care and taxes need to be cut , he says .
David Walker : The U.S. faces a debt much larger than the bailout plan . Walker : No one is going to bail out America , we have to do it ourselves . U.S. needs time to examine how to cut $ 53 billion long - term debt , he says . Social Security , health care and taxes need to be cut , he says .