Former U.K. Secretary of State and Defense Liam Fox explained that both Britain and America should be concerned about the impact our national debt has on our security. “The real issue is the indebtedness of Western nations,” he stressed, “Here in the United States, there is a certain irony in the fact that in order to maintain debt interest payment by the national government, America is having to cut its security budget so that some of that money on the debt interest ends up in Moscow and Beijing.” He underscored to the need for serious reforms to tackle what he described as our “absolutely unsustainable” level of national debt. Western economies, he warned “are up to their necks in debt and if they don’t do something about it, [they] will drown in that debt.”
Of course, this is directly in line with last year's warning from Joint Chiefs of Staff Chairman Adm. Mike Mullen, who said "that the continually increasing debt is the biggest threat we have to our national security.” Do you think Barack Obama is paying any attention? $5 TRILLION and counting.
(Updated to include link to Adm. Mullen quote.)
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