PrintJanuary 16, 2011
Deficit-Inspired National Strategy
The sovereign debt issues of Europe will soon pale in comparison to the sovereign debt issues of the United States. The European crisis is merely the forerunner to the real crisis percolating in Washington and the fifty state capitals.The financial irresponsibility of our elected officials has provided a determined enemy a powerful weapon to use against us in an economic attack.What concerns me is that most lawmakers at the federal, state, and local levels do not understand the absolute severity of the crisis. The sheer magnitude of our debt makes the United States extremely vulnerable to an economic attack. We are not too big to fail!As Secretary Gates and the Pentagon consider cost reductions to reduce the deficit and consider rethinking the future of warfare in the 21st century, our Congress is forgetting the most powerful lesson of all -- history. Those who do not remember history are doomed to repeat it.Ronald Reagan understood economic warfare extremely...(Read Full Article)
