The Single Biggest Threat To National Security Is The National Debt According To The Chairman Of The Joint Chiefs

CNN INTERVIEW - CNN correspondent Barbara Starr interviews U.S. Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, in Detroit, Aug. 26, 2010. Mullen is on a three-day Conversation with the Country tour of the midwest discussing how community leaders can support the needs of returning troops and their families. DoD photo by U.S. Navy Petty Officer 1st Class Chad J. McNeeley

National Debt Poses Security Threat, Mullen Says -- U.S. Department of Defense

DETROIT, Aug. 27, 2010 – The single biggest threat to national security is the national debt, the chairman of the Joint Chiefs of Staff said yesterday, underscoring the importance of good fiscal stewardship and a need to stimulate economic growth.

American taxpayers are going to pay an estimated $600 billion in interest on the national debt in 2012, Navy Adm. Mike Mullen told local leaders and university students here.

“That’s one year’s worth of defense budget,” he noted, adding that the Pentagon is going to have to work to “cut the fat” from its overhead spending.

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More News On America's Financial Crisis

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Bernanke Says The Economy Remains Vulnerable -- ABC News
Bernanke Drops the D-Word -- Time Magazine
Analyst: Citigroup Is Cooking the Books -- FOX Business
S&P Says US Should Act to Protect AAA-Rating: Report -- CNBC
Banks back switch to renminbi for trade -- Financial Times
Fiscal Austerity and America’s Future -- New York Times opinion

My Comment: I agree with the Chairman 100%.