Thursday, March 18, 2010

"USA: Broke and in Dangerous Decline"

An interesting blog post by Rod Dreher (linked here)

So foresees the Joint Operating Environment 2010 report released this week by the U.S. military, at least absent urgent and massive change. The JOE sees American government indebtedness, which is going to get far worse with the entitlements crisis on the near horizon, as putting our national security at serious risk. The report says that not even the most optimistic projections of economic growth can make up for the government's revenue needs in the coming years. Say the military analysts: "Projected revenues from taxation in most plausible economic scenarios are far below that which is necessary to meet current and assumed commitments by the federal government." What's more, the report warns, the deepening trade deficit only makes matters worse.
It's really interesting that the U.S. Military is saying that when you consider this (posted at Global Issues).

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