Are Our Deficits A National-Security Threat

Deficit Balloons Into National-Security Threat -- Wall Street Journal

The federal budget deficit has long since graduated from nuisance to headache to pressing national concern. Now, however, it has become so large and persistent that it is time to start thinking of it as something else entirely: a national-security threat.

The budget plan released Monday by the Obama administration illustrates why this escalation is warranted. The numbers are mind-numbing: a $1.6 trillion deficit this year, $1.3 trillion next year, $8.5 trillion for the next 10 years combined—and that assumes Congress enacts President Barack Obama's proposals to start bringing it down, and that the proposals work.

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My Comment: The short answer is ....yes .... deficits have the potential to be a national security threat for the simple reason that they must be paid back with the resources that otherwise would be dedicated to our national security and other government services. Furthermore, when the biggest US export to other countries is now our debt, that day of reckoning may probably be hitting us sooner than what we can expect.

On a side note, even liberals like David Sanger who supported President Obama when he ran for office are now concerned on how this will effect US global power.