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photo credit: Neville_S
Comptroller General David Walker is at it again. He’s making more headlines, following up on an interview several months ago, when he discussed the “fiscal cancer” plaguing our society.
In his latest interview, Walker compares our situation to that of Rome before it fell:
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.”
Michael Panzner, author of the book Financial Armageddon took note of this interview as well. Panzner’s summary at the end of the post is a good diagnosis for the situation that Mr. Walker describes: “Tick, tick, tick…”.
As I discussed on my last post about Mr. Walker’s subject matter, the collectors will soon come calling. The game heated up a bit last week when China threatened to do just that! And all our president can say in response is that it would be “foolhardy“…
Chris has posted some good videos of Mr. Walker’s recent media push, as he’s trying to get the word out:
“I’m trying to sound an alarm and issue a wake-up call,” he said. “As comptroller general I’ve got an ability to look longer-range and take on issues that others may be hesitant, and in many cases may not be in a position, to take on.
We’d do well to listen.
Tick, tick, tick…