Admiral Mullens. Nice Guy. I think he really does worry about us.
Mullen: National Debt is a Security Threat (click title to entry - thank you)Aug 27, 2010
The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff.
Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit.“That’s one year’s worth of defense budget,” he said, adding that the Pentagon needs to cut back on spending.
“We’re going to have to do that if it’s going to survive at all,” Mullen said, “and do it in a way that is predictable.”
He also called on the defense industry to hire veterans and become more robust in the future....
So a return of Republicans to the Congress means they would raise military spending and cut taxes while the Joint Chiefs is stating the National Deficit is the biggest security threat to the country. Where does that make sense to anyone casting a vote this November?
July 16, 2010
...What would be the effect on the deficit if the Republicans get their way on repealing the Bush tax cuts? Well we know that in 2005 alone those tax cuts helped add add $539 BILLION to the deficit. Here’s what the CBO said at the time regarding the Bush tax cuts:
In 2005, the cost of tax cuts enacted over the past four years will be over three times the cost of all domestic program increases enacted over this period.The new CBO data show that changes in law enacted since January 2001 increased the deficit by $539 billion in 2005. In the absence of such legislation, the nation would have a surplus this year. Tax cuts account for nearly half — 48 percent — of this $539 billion in increased costs. [1] Increases in program spending make up the other 52 percent and have been primarily concentrated in defense, homeland security, and international affairs....
