I think that I have finally found an honest politician (man.) David Walker is profiled in a WSJ interview with John Fund, entitled "The Deficits Are Coming." Previously Mr. Walker was a top executive at Arthur Anderson and most recently, he spent 10 years running the General Accounting Office (GAO) which is widely considered to be exempt from the oxymoron phrase, "competent government agency."
Mr. Walker performed wonderfully at GAO but he left his term five years years early, because I suspect that he was fed up with all the nonsense.
The interview is too articulate and profound for me to adequately paraphrase it so if you are at all interested in a very well-reasoned, plausible view for our financial future, I strongly recommend that you devour it.