Even Hillary Clinton is troubled over the deficit, and yet it risescreated 9/8/2010 - 7:46 pm, updated 9/8/2010 - 7:48 pm by Chris |
With more Dems showing concern over the Administration's propensity to spend without concern, now Secretary of State Clinton is speaking out in regards to the national security implications.
Secretary of State Hillary Clinton and the U.S. military joint command are now both on record that rising levels of U.S. national debt pose a national security threat.
The message to the commander-in-chief now from both the secretary of state and the U.S. joint military command appears to have been delivered loud and clear – continuing U.S. federal budget deficits measured in the trillions of dollars makes Americans less safe to threats posed by foreign enemies.
Addressing the Council on Foreign Relations today in Washington, D.C., Clinton said the U.S. budget deficit under the Obama administration poses a national security threat and projects a "message of weakness" internationally.
Responding to a question from CFR President Richard Haas, Clinton said rising U.S. debt levels pose 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."
Clinton continued, "I mean, it is very troubling to me that we are losing the ability not only to chart our own destiny but to, you know, have the leverage that comes from this enormously effective economic engine that has powered American values and interests over so many years."
But apparently too much is not enough. Obama wants to drop another $50 Billion to stimulate where stimulus has failed before.
What happens when over a hundred billion dollars in borrowed cash gets plunged into infrastructure spending and it fails to kick-start the economy? According to this administration, spend another $50 billion on the same failed policy. Barack Obama will unveil his new economic stimulus plan in Wisconsin today, while Russ Feingold looks for a place to hide:
US President Barack Obama unveils plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.
Obama, under intense pressure over November’s mid-term congressional elections in which his Democrats fear heavy losses, was set to make the announcement in a speech in Wisconsin, an official said. …
A White House official said that the “bold” infrastructure plan will be front loaded and make significant investments in the first year, in a bid to stimulate the sagging economy and boost jobs growth.
It appeared unlikely however that Obama could get the plan passed through Congress before the mid-term elections.
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