War and The Economic Crisis: Mullen: “Debt is Main Threat to U.S. National Security … Pentagon Must Cut Spending”
by Washington’s Blog
August 29, 2010
In February 2009, the head of U.S. intelligence – Dennis Blair – said that the global financial crisis was the largest threat to America’s national security. All of America’s intelligence agencies apparently agreed.
The same month, the chairman of the Joint Chiefs of Staff – Admiral Mullen – also agreed.
Now, Mullen is focusing on a specific economic threat. Specifically, Mullen is focusing on the debt:
The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit.
“That’s one year’s worth of defense budget,” he said, adding that the Pentagon needs to cut back on spending.
But at least war is good for the economy, right? At least spending on defense will help the economy recover and climb out of this pit of debt. no?