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Tue Feb 13, 2018, 03:30 PM

Intelligence chief: Federal debt is 'dire threat' to national security

Source: The Hill



BY SYLVAN LANE - 02/13/18 02:24 PM EST

Director of National Intelligence Dan Coats warned lawmakers Tuesday that failing to curb the national debt could jeopardize national security.

Coats, testifying before the Senate Intelligence Committee, said he’s concerned that the U.S. government’s “increasingly fractious political process particularly with respect to federal spending is threatening our ability to defend our nation, both in the short term and especially in the long term.”

Coats’ warning comes days after President Trump signed a bipartisan budget deal with a $300 billion increase in federal spending tied to a short-term bill to fund the government through March 23. The bill also suspended the debt ceiling, the federal limit on how much debt the U.S could hold, until 2019. Trump also rolled out his fiscal 2019 budget on Monday, which doesn’t balance within ten years or eliminate yearly federal deficits.

Fiscal hawks have raged against Republican leaders, which they say abandoned their pledge to curb irresponsible federal spending. Trump, House Speaker Paul Ryan (R-Wis.) and Senate Majority Leader Mitch McConnell (R-Ky.) have praised the budget deal for adding billions in what they consider crucial defense spending.

Read more: http://thehill.com/policy/finance/373647-intelligence-chief-federal-debt-is-dire-threat-to-national-security

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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Reply Intelligence chief: Federal debt is 'dire threat' to national security (Original post)
DonViejo Feb 2018 OP
bucolic_frolic Feb 2018 #1
AtheistCrusader Feb 2018 #3
bucolic_frolic Feb 2018 #6
AtheistCrusader Feb 2018 #8
turbinetree Feb 2018 #2
Corgigal Feb 2018 #4
jmowreader Feb 2018 #9
logosoco Feb 2018 #5
samnsara Feb 2018 #7
keithbvadu2 Feb 2018 #10
Bernardo de La Paz Feb 2018 #11
keithbvadu2 Feb 2018 #12

Response to DonViejo (Original post)

Tue Feb 13, 2018, 03:44 PM

1. No worries

When the avalanche hits the fan and we are faced with a national security crisis we can't afford, they'll just take everything you have and call it even. I mean asset seizure, peoples! Liquidity and real estate. Tax those assets to death. It will be your patriotism.

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Response to bucolic_frolic (Reply #1)

Tue Feb 13, 2018, 03:49 PM

3. That's not how it works.

They can't seize anything.

What they can do is make our money not worth anything to anyone, even to each other.
It'll be like late 80's soviet grocery stores everywhere, and we'll all be wondering how we can eat F-35's. (One bite at time, lol)

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Response to AtheistCrusader (Reply #3)

Tue Feb 13, 2018, 03:58 PM

6. Try not paying your real estate taxes

you'll find out who cannot seize your house, fast

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Response to bucolic_frolic (Reply #6)

Tue Feb 13, 2018, 04:09 PM

8. Oh, certainly our government can, yes.

I was speaking more to the foreign investment entities that are buying US public debt.
I should have been more specific.

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Response to DonViejo (Original post)

Tue Feb 13, 2018, 03:48 PM

2. So Coats what do you propose gutting the social safety nets programs

why don't you and your lackey's take a pay cut, then second, raise taxes on fucking corporations that pay no taxes, (but tax payers have to spend in defense of the country) but get all the benefits of fucking people in two years, after our taxes start going back up, because after all, their tax rate is now 21% and they will not have to pay 21% in taxes, with all of the loop holes......................so fuck you



November 2018 cannot get here fast enough




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Response to DonViejo (Original post)

Tue Feb 13, 2018, 03:50 PM

4. Agreed

Cut military spending, don't enlisted more members, all active duty get a 25 percent raise.

Claps for me can begin below, cause we're patriotic.

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Response to Corgigal (Reply #4)

Tue Feb 13, 2018, 05:18 PM

9. If you mean "don't grow the military" then I'm in agreement

The majority of military people only stay in between 4 and 8 years; to keep the military at the same size it is now we have to recruit continuously.

However! General Secretary Trump has stated he wants to increase the number of people on active duty. Between the tax slash he already did and the drunken-sailor budget he wants, even if we cut military pay - which I wouldn't put past Trump to try - we can't afford the military we have, much less the one he wants.

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Response to DonViejo (Original post)

Tue Feb 13, 2018, 03:51 PM

5. Under trump (and repubs in general) the country is like putting shiny rims

on a rusted out, poorly running Pinto.

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Response to DonViejo (Original post)

Tue Feb 13, 2018, 04:03 PM

7. is Trump doing this on purpose so Russia can 'buy' us cheap?

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Response to DonViejo (Original post)

Tue Feb 13, 2018, 05:41 PM

10. "It turns out that United Russia won the elections in America,"

Last edited Tue Feb 13, 2018, 06:39 PM - Edit history (1)

Trump supporters celebrated their victory.

"It turns out that United Russia won the elections in America," Viktor Nazarov, the governor of Omsk, Russia, declared in a radio interview.

http://www.nationalpost.com/m/wp/news/blog.html?b=news.nationalpost.com/news/world/make-russia-great-again-if-trump-lifts-sanctions-putin-could-finally-establish-his-country-as-an-equal-to-u-s&pubdate=2016-12-03

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Response to DonViejo (Original post)

Tue Feb 13, 2018, 05:45 PM

11. Now they say it, SINCE they got their fat tax cut for the 1% & so they can soak the middle & old. nt

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Response to DonViejo (Original post)

Tue Feb 13, 2018, 06:35 PM

12. These four articles go together

These four articles go together

United States is under attack': Intelligence chief Dan Coats says Putin targeting 2018 elections

https://www.democraticunderground.com/10141986853

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Intelligence chief: Federal debt is 'dire threat' to national security

https://www.democraticunderground.com/10141986756

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Laurence Tribe
FBI Director Wray just testified in the Senate that — despite Russia’s ongoing intrusions into our electoral systems — POTUS has NEVER charged the FBI with protecting US elections from Russia! LET THAT SINK IN. That’d be like FDR doing nothing in response to Pearl Harbor.

https://www.democraticunderground.com/100210225593

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Thom Hartmann: GOP Is Wrecking Your Retirement Savings

https://www.alternet.org/economy/thank-gop-your-401k-losses?utm_medium=referral&utm_source=idealmedia&utm_campaign=alternet.org&utm_term=68737&utm_content=2186301

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