Mullen: National Debt is a Security Threat

Mike Mullen

Mike Mullen

The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff.

Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit.

“That’s one year’s worth of defense budget,” he said, adding that the Pentagon needs to cut back on spending.

“We’re going to have to do that if it’s going to survive at all,” Mullen said, “and do it in a way that is predictable.”

He also called on the defense industry to hire veterans and become more robust in the future.

“I need the defense industry, in particular, to be robust,” he said. “My procurement budget is over $100 billion, [and] I need to be able to leverage that as much as possible with those [companies] who reach out [to veterans].”

Mullen highlighted the unity of purpose between the government and industry as well, in working to solve national security issues.

“I have found that universally, [private-sector workers] care every bit as much about our country, are every bit as patriotic and wanting to make a difference … as those who wear the uniform and are in harm’s way,” he said.

13 Responses for “Mullen: National Debt is a Security Threat”

  1. [...] Mullen: National Debt is a Security Threat – Keeping it real. [...]

  2. [...] El origen de la desregulación actual La ola de desregulaciones del sector financiero, causando estragos actualmente en la economía mundial, tiene su origen en la retirada unilateral de los EUA del tratado de Bretton Woods, el 15 de agosto de 1971. Esta medida impensable para cualquier otro Estado –lo cual señala distintamente el papel de país hegemón de los EUA—se debió principalmente al desequilibrio crónico en su balanza de pagos, intensificado por la guerras en Indo-China. En aquella época, los EUA pasaba de ser el mayor acreedor del mundo, con superávits en su balanza de pagos durante las décadas de los 50’s y 60’s, a ser uno de los países más endeudados del mundo. (Hoy el Estado Federal Estadounidense absorbe buena parte de las reservas de liquidez que existen en el mundo; tanto es así que para el 2012, los intereses de la deuda rondarán los $600 mil millones.) [...]

  3. [...] La ola de desregulaciones del sector financiero, causando estragos actualmente en la economía mundial, tiene su origen en la retirada unilateral de los EUA del tratado de Bretton Woods, el 15 de agosto de 1971. Esta medida impensable para cualquier otro Estado –lo cual señala distintamente el papel de país hegemón de los EUA—se debió principalmente al desequilibrio crónico en su balanza de pagos, intensificado por la guerras en Indo-China. En aquella época, los EUA pasaba de ser el mayor acreedor del mundo, con superávits en su balanza de pagos durante las décadas de los 50’s y 60’s, a ser uno de los países más endeudados del mundo. (Hoy el Estado Federal Estadounidense absorbe buena parte de las reservas de liquidez que existen en el mundo; tanto es así que para el 2012, los intereses de la deuda rondarán los $600 mil millones.) [...]

  4. [...] Joint Chiefs of Staff Admiral Mullen: The national debt is the single biggest threat to national [...]

  5. [...] Mullen: National Debt is a Security Threat | Executive Gov [...]

  6. [...] What is it Democrats do not get? As Arizonans and Americans in general are reducing household debt , why is it Arizona Democrats Ann Kirkpatrick, Harry Mitchell, Gabrielle Giffords, and Ed Pastor cannot do the same in Washington DC? As American’s saving rates grows faster than spending , how can the trio of Obama, Pelosi, and Reid, with the full support of Kirkpatrick, Mitchell, Giffords, and Pastor, choose ideology over country by advocating another 50 billion in stimulus spending a week after Admiral Mike Mullen chairman of the Joint Chiefs of Staff declared, “The national debt is the single biggest threat to national security”? [...]

  7. zeit says:

    the national debt is created by central banks to control governments, no debt, no money. The monetary system itself is the problem!

  8. [...] saldar sus duedas crecientes (el costo únicamente de los intereses de la deuda nacional será de 600 mil millones de dólares para el [...]

  9. [...] move.  However, if what the Chairman of the Joint Chiefs of Staff has said is true, that U.S. debt is the nation’s most serious security threat, bold thinking and bold action are needed.  It’s even possible a carrot-like conventional [...]

  10. [...] La ola de desregulaciones del sector financiero, causando estragos actualmente en la economía mundial, tiene su origen en la retirada unilateral de los EUA del tratado de Bretton Woods, el 15 de agosto de 1971. Esta medida impensable para cualquier otro Estado –lo cual señala distintamente el papel de país hegemón de los EUA—se debió principalmente al desequilibrio crónico en su balanza de pagos, intensificado por la guerras en Indo-China. En aquella época, los EUA pasaba de ser el mayor acreedor del mundo, con superávits en su balanza de pagos durante las décadas de los 50’s y 60’s, a ser uno de los países más endeudados del mundo. (Hoy el Estado Federal Estadounidense absorbe buena parte de las reservas de liquidez que existen en el mundo; tanto es así que para el 2012, los intereses de la deuda rondarán los $600 mil millones.) [...]

  11. [...] By Bill Wilson – As America celebrates its 235th birthday this July, citizens are increasingly becoming aware of a new danger to the nation’s independence and sovereignty. It was identified as the number one threat to our national security by Chairman of the Joint Chiefs…. [...]

  12. [...] Guest Post; As America celebrates its 235th birthday this July, citizens are increasingly becoming aware of a new danger to the nation’s independence and sovereignty. It was identified as the number one threat to our national security by Chairman of the Joint Chiefs …. [...]

  13. [...] By Bill Wilson – As America celebrates its 235th birthday this July, citizens are increasingly becoming aware of a new danger to the nation’s independence and sovereignty. It was identified as the number one threat to our national security by Chairman of the Joint Chiefs …. [...]

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