'Now that he is president, Trump likes to tout the fact he’s listening to America’s generals. Perhaps he needs to talk to General Mike Millen, the former Chairman of the Joint Chiefs of Staff. Perhaps then he would see
that the greatest threat America faces isn’t from China, Russia, or North Korea – it is from the national debt. Until Trump reverses course on military spending, and gets tough on entitlements, his "America First" budget will only make the US worse off.'
- Tho Bishop (
Source, March 20, 2017)
'..a crippling national debt..''Under a Republican budget resolution, the national debt will explode by a third from an already staggering $19 billion to $29 trillion over the next ten years. Although counterintuitive, Democratic presidents, at least those after World War II, have reduced deficits as a portion of the value of the national economy (GDP) while Republican presidents have increased them — thus accumulating less public debt as a percentage of GDP. Yet neither political party has paid enough attention to this burgeoning national security problem.
National security problem? Yes. General Mike Mullen, while he was Chairman of the Joint Chiefs of Staff, the nation’s top military man, was enlightened enough about long-term health of American power to realize that it takes continuing infusions of money to acquire the weapons and equipment, personnel, training, maintenance and benefits to create a credible military to adequately defend the country. In addition, all other indices of national power — political, diplomatic and cultural — require money too.
To generate those resources, a strong economy is needed. The number one problem dragging down economic growth rates through the George W. Bush and Barack Obama presidencies was a crippling national debt..'
- Ivan Eland,
National debt is our biggest security threat: Column, January 11, 2017
Context'..World Debt Hits $152 Trillion.''Our nation and the world are paying a very heavy price for a failed experiment in Inflationism..' - Doug Noland'..Global policies since the 2008 crisis have spurred the expansion of speculative finance to multiples of pre-crisis levels..''Germany Plans to Cut 2017 Debt Sales .. Balanced-Budget..''..monetary knowledge .. of currency reform under difficult conditions you have to go to Carl Menger.'(Banking Reform - Monetary Reform) - '..The Theory of Money and Credit .. an invaluable guide for ending the business cycles of our own time.'(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'