Chief U.S. Accountant Quits, America “Will Fall Like Rome” States David Walker

David WalkerDavid Walker, Comptroller General of the United States, has said that our government is “bankrupting America” and is using unethical accounting worse than Enron’s. He sees “striking similarities” with Rome and thinks both [political] parties are gluttons in a spending orgy.

You must read this article:
Bernanke’s Recession

Chicken Smith View:

That article provides 11 reasons why we’re already in a recession. There are many more reasons. Just browsing through the previous posts on this blog you can find a lot more.

Gold is nearing $1,000 per ounce. Something most people last year or the year before would have told you is “unreasonable”. Most people don’t know what’s going on.

Think about it. The top United States Government accountant. Yes, America’s Comptroller General, David Walker, the guy who has access to all our government books (cooked or otherwise), has spent the past few years on a nation-wide Fiscal Wake-Up Tour trying to wake-up Americans (laymen, industry leaders, politicians & the Federal Reserve) to the fact that we’re overspending and under-saving and that we’re headed for a collapse (ala Roman Empire). That very same guy has decided to quit his job. Did he just get tired of speaking to the wall?

If that doesn’t scream “the recession is here” to you, then please carry on with your spending and market “investments” as usual (and pray that 401k will still have something in it when you need it). Otherwise, “Wake Up!” we’re in a recession and possibly headed for a Second Great Depression, and it can easily take 5 years or more to see any signs of an improvement. If you haven’t saved anything up until now, now is a good a time as any. It could get ugly.


8 Responses to Chief U.S. Accountant Quits, America “Will Fall Like Rome” States David Walker

  1. Michael says:

    CBS did a great special on David Walker back in 07. The average person will not get this information until its to late.

  2. Freethinker says:

    Somehow i missed the point. Probably lost in translation 🙂 Anyway … nice blog to visit.

    cheers, Freethinker.

  3. Shagya says:

    Your video emphasizes the fact when governments expand they tend to bloom out in every direction. It’s never “guns” or “butter” more like “guns AND butter”, the warfare state expands with the welfare state. And a honest person should also be able to see that the distinction between the private corporation and the “public” sphere is getting vague. This is true everywhere although the problem seems most extreme in the USA and to a slightly lesser extent in the United Kingdom. Ways need to be found to pick THOSE social services which are reasonable, whether these are run privately, through cooperatives, or through federal/state governments. For example most western countries have some form of single payer medicine which covers their citizens for most things. As a resident of Canada we spend overall a little more than half of the American rate on a per capita basis for an overall health outcome which is roughly similar. Those expenditures include private and “public” monies together. Perhaps if Americans were to stop wasting so much money on military and other “security” issues this would go a long way to redressing your fiscal problems. But that means a major change in foreign policy and a withdrawal of American military forces from other countries. This will HAVE to happen eventually if you are to avoid foreign wars which you can no longer afford.

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  7. Alycia says:

    Wow that was strange. I just wrote an extremely long comment but
    after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again.

    Anyhow, just wanted to say fantastic blog!

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