“The Biggest Threat We Have to Our National Security Is Our Debt”
By Emily Skarbek • Tuesday July 6, 2010 9:33 AM PDT •
Says Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff. Mullen notes that within two years the annual interest on the debt will be almost as much as the bloated annual Department of Defense Budget of $700 billion. Well said. Even better if Mullen would have pointed out that the debt is only a noticeable symptom of the real threat posed by the expanding size and scope of federal government.
Why not appease the far left (ending the war) while simultaneously enacting policy advocated by the far right (cutting federal expenditures and reducing the debt obligation)? Ah, if only interest group politics operated the same way they do in my constrained day-dreams.
Tags: Bailouts, Budget and Tax Policy, Defense, Department of Defense, Economics, federal debt, Federal Reserve, federal spending, Government subsidies, Mike Mullen, Money and Banking, National Debt, national security