Is China Trying To Bankrupt US? -- Brad Glosserman, The DiplomatDoes a cash-strapped US face a Cold War redux as China encourages it to ramp up defence spending? Boosting alliances is the way to respond, says Brad Glosserman.
One popular narrative credits the end of the Cold War to a US strategy to bankrupt the Soviet Union. Well aware of the advantage conferred by its superior economic performance, Washington pushed Moscow into a military competition that drained the USSR of its resources. In this narrative, US President Ronald Reagan’s push to create a missile defence system – realistic or not – was the straw that broke the Soviet back.
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My Comment: I disagree with this article's premise that U.S. defense is the major cause of America's debt/economic crisis ... with China being the ones who are pulling the strings. With $60 trillion plus in liabilities, trillions in direct debt, coupled with much of the budget being allocated to interest payments .... you can eliminate the Department of Defense but the problems will still be there.
China are not the ones trying to bankrupt us .... the ones who are guilty are the American voters.
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