Our mounting debt and inability to constrain ever-growing spending poses a national security threat to our Republic because we borrow about 40 cents on every dollar we spend, much of it coming from foreign creditors. Oh don’t take my word for it, take it from those in charge of the defense of America:
U.S. Director Of National Intelligence James Clapper: “The debt does pose a potential threat to our national security . . . The financial relationship we have with China is illustrative of that.” (Phil Stewart, “U.S. Intelligence Faces Belt Tightening,” Reuters, 2/10/11)
U.S. Secretary Of State Hillary Clinton: “I think that our rising debt levels -- (off mike) -- poses a national security threat, and it poses a national security threat in two ways. It undermines our capacity to act in our own interest, and it does constrain us where constraint may be undesirable. And it also sends a message of weakness internationally.” (“A Conversation with U.S. Secretary of State Hillary Rodham Clinton,” Council on Foreign Relations, 9/8/10)
I could go on and on, but you get the point. These statements, and the reality they convey, are on full display as Vice President Joe Biden visits China, beginning today.
Vice President Biden is there to “reassure” the Communist Chinese that our country’s economy is on sound footing. More than that though, Biden is there to smooth relations and beg them to keep borrowing more and more money. That’s important, as China is our largest foreign creditor, holding about $1.2 trillion in U.S. debt, which brings us to the threat on our national security.
More telling than Biden going to ask a Communist country to remain confident in our economy is the recent announcement that the U.S. would bow to “Chinese pressure” and “deny Taiwan’s request for 66 new F-16C/D fighter aircraft.” Why would the U.S. bow to pressure from the Chinese over selling arms to Taiwan, a country we have promised to defend? Good question. Here’s your answer:
“China has called the sale a ‘red line.’ A recent editorial in the state-controlled People's Daily called for the use of a ‘financial weapon’ against the U.S. if new F-16s were released.” (Wendell Minnick, “U.S. To Deny Taiwan New F-16 Fighters,” DefenseNews, 8/14/11)
So, China (as our largest foreign creditor) threatens to use a “financial weapon” against the U.S. if it crosses the “red line” and sells fighter jets to Taiwan, at Taiwan’s request, to defend itself from a Communist country that has promised to reunify the two countries, at any cost, using any means necessary. Ladies and gentlemen, our debt no longer poses a threat to our national security, it is already here.