Tuesday, November 06, 2007

Saving the American Republic

David Walker, comptroller general of the US, warns of impending US financial and moral crises if something isn't done NOW! Via Townhall:

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”...
“With the looming retirement of baby boomers, spiraling healthcare costs, plummeting savings rates and increasing reliance on foreign lenders, we face unprecedented fiscal risks,” said Mr. Walker, a former senior executive at PwC auditing firm.

And other looming threats to freedom:

Current US policy on education, energy, the environment, immigration and Iraq also was on an “unsustainable path”.
“Our very prosperity is placing greater demands on our physical infrastructure. Billions of dollars will be needed to modernize everything from highways and airports to water and sewage systems. The recent bridge collapse in Minneapolis was a sobering wake-up call.”

There are at lest 2 ways we can handle this problem-Cut defense and social spending drastically and use the funds saved to rebuild our broken infrastructure. This would without question sustain our prosperity and democratic way of life for years to come.

The second route seems to be the most popular and the one we are increasingly headed towards-Raise taxes, nationalize industry (using the dubious theory of man-made global warming as the excuse), and allowing government to control prices and wages. This was the road taken by the Roman Republic, with threats abounding on all sides and revolution pending, they took the easy way of allowing powerful politicians and successful soldiers to dictate their lives, all to save themselves a little while longer from the barbarians.