Posts Tagged ‘not sustainable’

Chairman Of Joint Chiefs Of Staff Points Out Obama Is Greatest Threat To Our National Security

July 3, 2010

Chairman of the Joint Chiefs of Staff Admiral Mike Mullen says that Barrack Hussein is the greatest threat to our national security without naming any names.

Admiral Mullen lays it out:

Pentagon leaders, the military services and defense contractors must work together to cut bureaucratic bloat and unnecessary programs, the chairman of the Joint Chiefs of Staff said Thursday.

Adm. Mike Mullen also renewed his warning that the nation’s debt is the biggest threat to U.S. national security.

“I was shown the figures the other day by the comptroller of the Pentagon that said that the interest on our debt is $571 billion in 2012,” Mullen said at a breakfast hosted by The Hill. “That is, noticeably, about the size of the defense budget. It is not sustainable.”

Obama’s debt spending terrorism, in one scary picture:

Facts from the Wall Street Journal:

Consider that from Jan. 20, 2001, to Jan. 20, 2009, the debt held by the public grew $3 trillion under Mr. Bush—to $6.3 trillion from $3.3 trillion at a time when the national economy grew as well.

By comparison, from the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt held by the public will grow by $3.3 trillion. In 20 months, Mr. Obama will add as much debt as Mr. Bush ran up in eight years.

Mr. Obama’s spending plan approved by Congress last February calls for doubling the national debt in five years and nearly tripling it in 10.

It’s not a distant crisis.  It is a crisis right now.  Today.

From The Hill:

The national debt will reach 62 percent of gross domestic product (GDP) by the end of this year, the nonpartisan Congressional Budget Office (CBO) said Wednesday.

The budget office said the debt will reach its highest percentage of GDP since the end of World War II. The jump is driven by lower tax revenues and higher federal spending in the recent recession.

But that’s nothing.  Wait until you see the trick Obama has planned for us in 2012.

From Bloomberg:

President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund.

Wait for it.  Wait for it.  How much was debt-to-GDP under Dubya in 2008?  39.7%.  Bad, yes.  Unless you compare it to what Obama has done.  Bush raised it by about five percentage points during his eight-year term from where Bill Clinton – who was blessed with a Republican Congress – had left it (at about 35%).  And what has Obama done?  Obama will increase it by an insane 55% over what Bush left in just two years!!! And that increase is shooting straight up like a rocket ship.

Some ignoramuses (i.e., liberals) will see the statement that our debt level was even higher just immediately after World War II, and foolishly conclude that we beat it before, so we can beat the crisis again.  If that has even once occurred to you, please read this article.  A lot of things are different since the end of WWII, including the way we calculated our debt, and the fact that we actually saved money and manufactured things back in those days.

We are so screwed.

This nation is now facing its greatest threat to its national security.  It wasn’t Nazism, and it wasn’t the Cold War.  It isn’t terrorism.  It is Barack Hussein Obama, who is imploding the nation from within.