Deficit Balloons Into National-Security Threat

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Summary	Deficit Balloons Into National-Security Threat
Category	General
New Business Economy Idea	" ... The federal budget deficit has long since graduated from nuisance to headache to pressing national concern. Now, however, it has become so large and persistent that it is time to start thinking of it as something else entirely: a national-security threat. These numbers are often discussed as an economic and domestic problem. But it's time to start thinking of the ramifications for America's ability to continue playing its traditional global role. The U.S. government this year will borrow one of every three dollars it spends, with many of those funds coming from foreign countries. That weakens America's standing and its freedom to act; strengthens China and other world powers including cash-rich oil producers; puts long-term defense spending at risk; undermines the power of the American system as a model for developing countries; and reduces the aura of power that has been a great intangible asset for presidents for more than a century. Consider just four of the ways that budget deficits also threaten American's national security: - They make America vulnerable to foreign pressures. - Chinese power is growing as a result. - Long-term national-security budgets are put at risk. - The American model is being undermined before the rest of the world. ... "
Webpage	More info
Author	Admin
Date	2/1/2010