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Adm. Mike Mullen: 'National Debt Is Our Biggest Security Threat'

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posted on Jun, 25 2010 @ 08:20 AM
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Adm. Mike Mullen: 'National Debt Is Our Biggest Security Threat'


www.huffingtonpost.com

"Our national debt is our biggest national security threat," said Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, at a "Tribute to the Troops" breakfast sponsored by The Hill on Thursday morning, according to two staffers at the gathering. He also noted a troubling trend -- that veterans from Afghanistan and Iraq are becoming homeless at four times the rate the country witnessed in the wake of Vietnam.
(visit the link for the full news article)





[mod edit:Headline: Please use the original story headline from your source.]

[edit on 25-6-2010 by 12m8keall2c]




posted on Jun, 25 2010 @ 08:20 AM
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Very ironic that Mullen says that national debt is America's biggest threat while Obama is stressing Europe to spend and inflate as much as possible at the very same time:


How Austerity Is Tearing Apart the G-20

The summit follows an extraordinary austerity drive by European economies as they attempt to redress their public finances. In the past few weeks, E.U. members have pledged some $240 billion in budget savings to deflate their bloated debts and deficits — as well as patching together a colossal $950 billion safety blanket for the euro. But the cost-cutting crusade has alarmed the U.S., with President Barack Obama warning that slashing too much and trimming too fast could stifle growth, provoking a 1930s-style depression.


If Mullen says this and one knows a little about the Petrodollar (see my sig), it ain't hard to understand that in contrast to the US, other countries cannot print mass amounts of money out of thin air without inflating the currency into oblivion. The only problem for the US: they have pushed it over the edge. Nothing is infinite, even though the Dollar came close... After a decades long spending spree, even the greenback is in great trouble now.

Is there common sense left in in this world?
Yes, Germany's finance minister:



The simple argument is: too-high sovereign debt got us into this mess, and there's no way we're going to risk making that worse.

And he takes a real pointed shot at US policy:

Behind the calls for us to pursue a more expansionary fiscal course lie two different approaches to economic policymaking on each side of the Atlantic. While US policymakers like to focus on short-term corrective measures, we take the longer view and are, therefore, more preoccupied with the implications of excessive deficits and the dangers of high inflation.

"Governments should not become addicted to borrowing as a quick fix to stimulate demand," Schaeuble wrote in an op-ed piece printed in the Financial Times and Handelsblatt newspapers.

"Deficit spending cannot become a permanent state of affairs," he stressed.
]

source


Obama's logic: solve the trillion debt issue with more debts.
EU's logic: solve the billion debt issue with austerity measures.
Obama's reaction: these Euros are crazy.

Anyone with common sense would be in support of the EU's policy, except Obama and his crony George Soros, who has recently suggested that the Euro is in danger as a result of EU's austerity measures. This is man who brought the pound to its knees in 1992 and as a result, made a multi-billion profit. It's a public secret that he wants to do the very same thing to Euro.

It is widely known that the Euro is a competitor of the Dollar and countries that have turned to the Euro (Iraq, Venezuela, Iran) are effectively dealt with (see sig). I am pretty convinced that the US is using hedge funs, like Soros' as a tool to attack the Euro to distract attention from the US financial woes which are way worse compared to the EU's.


Ironically, the euro area's overall fiscal situation looks healthier that that of the U.S. Considering the 16 euro-zone members as a whole, their budget deficit is expected to be about 6.5% of GDP and government debt 85% in 2010, but in the U.S., the deficit is at 10% of GDP while debt is at 116%. (The U.S. debt figure is the sum of federal, state and local government debt, which better corresponds to E.U. statistics.)

source





www.huffingtonpost.com
(visit the link for the full news article)



[edit on 25-6-2010 by Mdv2]



posted on Jun, 26 2010 @ 02:30 AM
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reply to post by Mdv2
 


Hmm......Thats not something the troops are currently interrested in. I wonder if he was really talking to the American people via that particular platform. Perhaps to begin to set the stage for something in politics?



posted on Jun, 26 2010 @ 02:59 AM
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reply to post by Mdv2
 


From what I have read you are BORN into debt for your country....

Not really fair is it ????

Why should a newborn be ladled with debt from past goverments????



posted on Jun, 26 2010 @ 03:03 AM
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reply to post by Mdv2
 


Maybe its the BIGGEST THREAT because they know one day the people will wake up and say, WTF?
We didnt ask you to bail out the banks,
we didn't want bases in 160 countries,
we didn't want to invade two countries..

They are not OUR problems or OUR debt.....



posted on Jun, 26 2010 @ 03:04 AM
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So he JUST FIGURED THAT OUT?

What about acting on those words then Mullen?

Obviously, Obama and congress are doing everything they can to destroy the US with their massive deficit.

What about a coup d'état to fix things? Unless you do so, you're full of hot air.

Coup d'état, followed by arrest of the FED board members, congress and senate, mass trials and finally new elections with paper trail.

I would rather trust a patriot in the military than a politician.

Because let's be real here. The only thing that will bring REAL CHANGE are :
- Coup d'état by patriots in the military
- Revolution by constitutionalists
- Total collapse of government
- States seceding

Other than that, it'll be the same over and over again.

Just look at Rome. The only thing that changed things or kick out dictators were the military or when Rome fell.

In Turkey, the military have the duty to protect the constitution from tyrants. They've overthrown 3 tyrants so far since the reform if I remember well.

BTW, it should have happened long ago.

[edit on 26-6-2010 by Vitchilo]



posted on Jun, 26 2010 @ 03:30 AM
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reply to post by Mdv2
 


People who mix up "national security" with economics have no right holding government posts. This shows that the people in power believe that a nations security (which ought to refer only to military and terrorist threats) and economy (which should have no baring on a nations ability to be secure) are linked. This explains why all the intelligence agencies in the world like money so much !
So finaly , from the mouth of government to your ears people, the intelligence community exists to protect MONEY not civilians, not armed forces but money. National security is used as an excuse for all sorts of things, illegal wars,outright murder of civilians in thier thousands,victimising aspergers patients from the UK over a badly protected chunk of NASA's computer systems, and now ladies and gentlefolk we know why all these efforts are being made! Because now we know that economic stability falls under the realm of national security, we can expect the CIA to be capping anyone taking a single dollar out of the American economy.

You know what? Im sick of this capitalist fascism. The US needs to learn to seperate money and security from eachother , and I mean yesterday. Hell we need it to happen here in Britain as well , but at least here in Britain there arent any officials willing to admit that we are less of a democracy and more of a corperate dictatorship!



posted on Jun, 26 2010 @ 03:53 AM
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reply to post by Mdv2
 


By the way, on the subject of any sane person agreeing with the EU that we need austerity measures... Im perfectly sane, and I disagree.
Britains current economy drive will see massive un employment across the board, and taxes rising across the board. Everyone paying an equaly huge percentage. The value added tax will be rising to 20% next January, and that tax will hit the poorest hardest, meaning either the government spends YET more money helping them out, or those people end up on the streets with no food in thier guts.
If there was any sense of responsibility in government , then there would be a complete stop on people earning less than thirty K a year being taxed at all for anything, and laws passed which mean that the government can reclaim funds lost to the banks, from the bankers who broke the system, or allowed its decay. The government should also be able to seize a percentage of the assets of persons who are ridiculously wealthy , and have become such with the assistance of the British people. Furthermore , the expenses of MPs in this country ought to be means tested, I.E. if an MP has five times the cost of a second home in his bank account, he can jolly well buy it himself , without taxpayer assistance thankyou very bloody much! Its time the UK accepted that "fair" means protecting and isulating EVERYONE except the rich and powerful , from being affected by the sickness of the banks. How that ought to be done? Not my problem, nor my job to say... unfortunately the people whos job it IS to make policy are a bunch of econofascists , and I hope they all rot in hell for what thier latest package will do to the UK.



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