Auditor general David Walker said that in order to sidestep the current strain on the federal budget, it might be necessary to raise taxes.
According to Tax Analysts, Walker told attendees at a White House conference on aging that "over the longer term, you have to have enough revenues to pay your current bills and deliver on your current promises."
Walker, who has long warned of the danger of extending the current tax cuts, said the retirement of the Baby Boomer generation will place an enormous burden on the federal budget that raising taxes may be unavoidable in order to avert a fiscal crisis.
Several months ago, Walker advocated the expiration of some of the tax cuts enacted under President Bush and in September, the Government Accountability Office released a highly critical report on the tax relief.
