It was an offer that Comptroller General David Walker couldn’t refuse. Walker announced Feb. 15 that he’s leaving the top post at the Government Accountability Office to become president and chief executive officer of a new public-interest foundation launched by billionaire financier Peter Peterson.
“This was a unique opportunity that came up within the last month or so, and because of its unique nature, I ultimately decided that I could accomplish more” at the foundation than at GAO, he said in an interview with Federal Computer Week.
Walker said Peterson, cofounder and senior chairman of the Blackstone Group, a global asset-management company, approached him at the end of December about leading the foundation. It was a meeting of like minds. Peterson is an outspoken critic of costly federal entitlement programs and large government deficits, as is Walker, a champion of fiscal reform since becoming comptroller general in 1998.
“Pete Peterson and I think alike,” Walker said. “We even use the same words. He’s got excellent contacts in New York and on Wall Street, and I’ve got excellent contacts here in Washington. So I think one plus one equals four with the two of us.”
Walker said he believes he can make a bigger difference in sounding the alarm about spiraling budget deficits, bloated government programs, escalating health care costs and related issues at the foundation, to which Peterson has committed to contribute at least $1 billion during the next several years.
“I have mixed emotions about leaving GAO,” Walker said. “I love my job. Things are going great. But I’m very concerned about the future of the country. I think we’ve got five to 10 years to really start making some tough choices. Things need to be done that I can’t do in my current job, so I’ll have more resources and flexibility working with Peter Peterson and other members of the foundation.”
As head of GAO, Walker is heavily restricted in his role as an advocate. “In my job, I can’t advocate specific policy solutions, I can’t endorse specific pieces of legislation, and there’s a limit to how actively involved I can be in grass-roots efforts to achieve change,” he said.
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