Home / News / John Bolton Says Federal Budget Deficit Has National Security Implications

John Bolton Says Federal Budget Deficit Has National Security Implications

National Security Adviser John Bolton recently said that the U.S. budget deficit, at its current level, has national security implications, Defense News reported Friday.

Speaking at a recent event hosted by the Alexander Hamilton Institute, Bolton also commented that “when your national debt gets to the level that ours is, that it constitutes an existential threat to the society.”

Bolton went on to say that he expected reductions in discretionary spending but none in mandatory expenditures.

Last month, the Treasury Department and the Office of Management and Budget announced via a joint statement that, in fiscal 2018, the country had incurred a budget deficit worth $779B, or 3.9 percent of the country's gross domestic product.

The FY 2018 deficit, driven in part by tax cuts, is the highest in six years.

Check Also

USCIS Launching System Modernization, Supply Chain Security Initiatives

The U.S. Citizenship and Immigration Services is working on modernizing its systems and fortifying software security at the supply chain level, Federal Times reported Friday. Adrian Monza, chief of the Department of Homeland Security component's cyber defense branch, told the publication that USCIS is launching “very significant” modernization efforts and that other agencies must be able to defend their networks against threats to financial databases.