A chorus of former military leaders, current administration officials and fiscal hawks have all labeled the country's debt a threat to national security.Considering what we owe, losing that influence could cost us dearly, indeed...
"A nation with our current levels of unsustainable debt ... cannot hope to sustain for very long its superiority from a military perspective, or its influence in world affairs," Admiral Michael Mullen, former chairman of the Joint Chiefs of Staff, said last month.
The concern: If the debt continues to grow unbridled, the U.S. government will be constrained in its ability to pay for what it wants to do militarily and diplomatically. And it could limit the country's leverage with foreign powers.
Monday, October 22, 2012
The Elephant Not In The Room
The national debt seems to be MIA when perhaps it shouldn't be: