while we fiddled…   Leave a comment

Former comptroller General of the United States David Walker
has compared our financial labor pains to the collapse of the roman empire.  This is an argument many of us have been making for years to deaf ears, rolling eyes, and a shrugging of
the shoulders as if to say “what’s the point?” Well someone has
finally gotten the point, and it has only taken global panic and
bail outs aplenty to for them to get the message.

In a headline from the usually timid and pursed-lipped The
Trusted Professional, a journal of New Yorks C.P.A’s, Walker is
quoted as saying the U.S. Government is “unsustainable”-You
said it, brother. Walker estimates that underfunded
entitlements will grow by two to three trillion each year, even if
the budget is balanced. Conservative estimates place us in a
nearly 13 trillion dollar hole. But Mr. Obama and Hillary are
going to take care of that, right?

Mr. Walker attributes Rome’s collapse to four things: “a decline
in moral values, an overconfident and overextended military,
fiscal irresponsibility by the central government, and inability to
control one’s borders”. Neh, that doesn’t sound like us, right?
Besides, it can’t happen here because, well let me think, we’re
not Rome. History always repeats itself unless drastic steps
are taken and the historical context is understood. I’m sure a
$15 billion bailout of the big three auto makers will prevent the
collapse of a culture-wait, how about a huge investment in
green energy? let’s add a mega-trillion dollar socialization of health care–hold on, I’ve got it-let’s have Rick Warren of Christianity
(lite), speak at the new president’s inauguration-that oughta do
it. No, lets see, why don’t we….


Posted March 4, 2010 by cchashadenough in Uncategorized

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