The LA Times, Obama's reliable Left Coast bootlicker, has published an interesting Op-Ed
on national security and the federal debt. The Op-Ed, penned by two
"foreign policy scholars at the [liberal] Brookings Institution"
requires a bit of digging to find some of less than flattering
statements about our President. But, since this is the LA Times we also
find some sharp jabs at Mitt Romney's candidacy. Here are few
interesting quotes:
Making matters worse, half of our current deficit financing is being provided by foreigners. We are getting by with low interest rates and tolerable levels of domestic investment only because they find U.S. debt attractive, which may not last.
...Adm.Michael G. Mullen, was fond of saying, national debt has become perhaps our top national security threat. And neither major presidential candidate is doing enough about it.Just highly worrisome? Gosh, that doesn't sounds too serious, like soap film on a shower door or a bad case of athlete's foot.
The United States has been running trillion-dollar deficits, resulting in a huge explosion in the country's indebtedness. Publicly held debt now equals 70% of gross domestic product, a threshold many economists consider significant and highly worrisome.
Making matters worse, half of our current deficit financing is being provided by foreigners. We are getting by with low interest rates and tolerable levels of domestic investment only because they find U.S. debt attractive, which may not last.
No comments:
Post a Comment