I’ve said all along that defense and national defense are key to economic security. The two are so closely tied; if you don’t believe me, remember what happened to the economy after the tragic events of 9/11. The reverse is also true, if our budget deficit and national debt continue to balloon, it becomes a threat to our national security.
Posts Tagged ‘debt’
Growing Debt is a Threat to National Security
Tuesday, February 2nd, 2010What agenda is advanced by bankrupting the US?
Friday, December 18th, 2009In 2009 alone the actions of Congress and the Administration grew the public debt by 31 percent, from $5.8 trillion to $7.6 trillion, rising from 41 percent to 53 percent of gross domestic product (GDP). The projections for the future are even more alarming. Yet the President committed to $100 billion annually for the next decade to help poor nations fight climate change. That one decision adds to the debt which American taxpayers will have to pay. So, we are borrowing enormous amounts of money, largely from China, and transferring it to third world countries who steal even the food we send them to feed their people, while at the same time our government is trying to pass cap and trade legislation which will impose enormous new burdens on an economy that is already in serious trouble.
What coherent agenda is advanced by bankrupting the United States?
