US Comptroller Compares US Situation to the Fall of Rome

David Walker, comptroller general of the US, issued a report that 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.

Mr Walker noted “striking similarities” between the current situation of the United States and the factors that brought down Rome:

Declining moral values
Political civility at home
An over-confident and over-extended military in foreign lands
Fiscal irresponsibility by the central government

Walker warned of symptoms of dramatic tax rises, slashed government services and the large-scale dumping by foreign government holdings of US debt.

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Fiscal Wakeup Tour