The Bushie Legacy 0
David Walker, head of the Government Accountability Office, in the Financial Times:
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 simulationsâ€.
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 governmentâ€.
And, well, what else is new?
Via Le Show.
