When Will the U.S. Go the Way of Rome?

Monday, July 26, 2010
By Paul Martin

By Bill Frezza
RealClearMarkets.com

When do you suppose the citizens of imperial Rome first realized that their way of life had tipped into inexorable decline?

A few foresaw the impact of Caesar’s usurpation of the rule of law, marking his ascension as the beginning of the end. Many more sounded the alarm when Rome’s fiscal balance spiraled out of control, debts multiplying faster than the ability to extract taxes from a dwindling base of productive citizens. The plebeian masses, accustomed to bread and circuses, were probably oblivious until Rome was finally sacked. Everything was fine yesterday, how did these barbarians arrive at our gates?

A strange sign of the times has begun traversing America’s rural byways. The sole purpose of this giant machine is to grind up paved roads leaving behind a trail of chopped asphalt and gravel. Strapped county administrators are throwing in the towel, unable to maintain their road systems absent the flow of largess cut off from near bankrupt state and federal agencies. Instead of reducing their carbon footprint by driving ecologically friendly electric cars these people will soon be riding horses. The Sierra Club must be thrilled.

The Rest…HERE

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