Author: Robert E. KingPublisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 21
Book Description
The United States is in the midst of a financial crisis created in large part by its ever-growing national debt. The circumstances leading to the debt have been building for over a decade and, if left unaddressed, will leave the United States unable to respond to traditional interests both at home and abroad. The founders of this nation recognized that sound national finances and robust financial institutions were critical to a strong economy and the government's ability to finance the extraordinary resources needed to prosecute a war. The amount of national debt that the United States currently carries will greatly impact its ability to raise funds for future power projection requirements, and potential adversaries who own large portfolios of American debt (such as China) may have the strategic ability to impact future U.S. policy. The ability to employ the elements of national power (Diplomacy, Information, Military, Economic) depends on adequate funding of the corresponding government agencies.