Saturday, August 28, 2010

Chairman Joint Chiefs of Staff: National Debt is a Security Threat

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, reports

“That’s one year’s worth of defense budget,” he said, adding that the Pentagon needs to cut back on spending.

On the one hand it is good that the Chairman of the Joint Chiefs of Staff recognizes that there is a huge national debt problem, but one has to ask: Why is the Chairman of JCOS mentioning this in a speech to students? This is disturbing, despite some his talk of Pentagon cutbacks in spending. I've heard that one before
Clearly, government has recognized that a debt crisis is coming and they are trying to get ahead of it and control the reaction to it. Who really knows what kind of new regulations and taxes they have planned.

Keep in mind that the only real solution to the debt crisis is far less government spending and a bankruptcy which forces the liquidation of the vast amounts of  land and buildings owned by the governmentt, which should  be used to pay off creditors, including those counting on Social Security.. 


  1. If we were in a third world country, I would suggest the Admiral was setting the foundation for a future coup.

  2. Since this is America, it sounds like Rahm Emanuel/David Axelrod vectoring on behalf of The Bowles-Simpson Deficit Commission.