A media service of European Americans United

Main Menu

  • Home
  • Forum
  • About Us
  • Search
  • Action Alerts
  • FLYERS
  • Free Podcasts
  • Stories by Author
  • New Online Store
  • Archives
  • Categories
  • Links
    Blogs

  • Frank Roman
  • John Young
  • Garden Blog




  • User Menu

  • Register
  • Login
  • Logout
  • Submit News

  • Email This Page


    Syndication Feeds

  • Handheld/PDA
  • XML News Feeds
  • View Sidebar
  • Mozilla Sidebar

  • 19


     
    Learn From the Fall of Rome, US Warned
    News/Comment; Posted on: 2007-08-13 21:07:28 [ Printer friendly / Instant flyer ]

    A non-partisan figure in charge of the Government Accountability Office, the investigative arm of the US Congress, issues strong warning

    By Jeremy Grant in Washington

    The US government is on a “burning platform” of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, 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 US, 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.”

    Full Article

    News Source: FT.Com

    Comments

    Entire site copyright ©2007-2008 European Americans United.
    Opinions expressed herein are not necessarily those of EAU,
    the editors, or any other entity. Some clearly marked materials are
    parodies or fiction. By submitting material you grant European
    Americans United a non-transferable 100 year non-exclusive license
    to use the submitted material.
    The following copyright pertains to the news site software only:
    Copyright ©Copyright (C) 2007-2013
    Powered by Esselbach Storyteller CMS System Version 1.8
    Licensed to: European Americans United