ARE WE THE NEW ROMAN EMPIRE?
———————————
———————————
Learn from the fall of Rome, U.S. warned.
By Jeremy Grant in Washington
The U.S. government is on a burning platform of unsustainable policies and practices with fiscal deficits, health care, under funding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country’s top government inspector has warned.
David Walker, comptroller-general of the U.S., issued the unusually downbeat assessment of his country’s future in a report that lays out what he called chilling long-term simulations. These include dramatic tax rises, slashed government services and the large-scale dumping by foreign governments of holdings of US debt.
Drawing parallels with the end of the Roman Empire, Mr. Walker warned there were striking similarities between America’s current situation and the factors that brought down Rome, including declining moral values and political civility at home, an over-confident and over-extended military in foreign lands and fiscal irresponsibility by the central government.
Sound familiar? Mr Walker said, “In my view, it’s time to learn from history and take steps to ensure the American Republic is the first to stand the test of time.”
Source: Excerpt from an article in The Financial Times,
Comments are closed
Comments are currently closed on this entry.