Cube linked to one of his articles, and I have found several things that I take exception to. However, he has no functioning links for commentary, so I have decided to take up the debate here. I don't know where to begin. First, he argues that any amount of debt is ok as long as we are spending it on things that we need. He assures all of us that the United States will continue to have a large, prosperous economy for the rest of our lives, and any amount of debt can be carried by this economic colossus. Because we have never had a recession before, have we? He attacks one commentator for pointing out that China owns a significant amount of US debt. Japan owns more, and he is outraged that China was the only country singled out as a threat. Could that be because Japan's economy is for better or worse heavily dependent on ours and they have no military to speak of? Anyone else see that as non-threatening? He also says that we are in better shape economically now than at the end of the Clinton presidency because we spend less of our budget (percentage wise) on debt interest. And could that be due to the balanced budget that Clinton left? I don't see how Bush's rampant spending could be the thing that saved us from debt payments. This is getting long so I will wrap it up with a quote from Optimist's blog "Every time I see this chart it makes me wonder: What if we could have mustered the courage as a nation to keep national security spending on an even keel, and managed it effectively; might we have prevented a war or two?"
Wow. Because we have seen from Bush that a large military is the best deterrent, and we won't attack anyone preemptively, even based on evidence that is later proven to be nonexistent.