On the heels of her comments on the folly of empowering China during Tuesday night’s Republican debate, Presidential contender Michele Bachmann told Fox News the United States is not only in “debt up to our ears” to the Asian giant, but our interest payments are building up the Communist nation’s military.
“Well, as many of your viewers know, we are in debt up to our ears to China — well over $1 trillion we owe to them — that means we’re making substantial interest payments to China,” Bachmann told Fox News’ Martha MacCallum. “When we send our hard- earned money to China, that’s our tax money — and what that means is we have less money for our military And we just saw . . . because of the failure of the supercommittee, $1 trillion less will be available for national defense.
“When we cut back on national defense a trillion dollars, we are, in effect, sending money over to China in the form of interest; when we send the money over to them, they’re able to build their military up,” Bachmann said. “So the greater our debt, the less money on our military — our military goes down. The more money for China — their military goes up. So we actually have the United States taxpayers paying for China’s new naval aircraft carrier, new fighter jets, new cyber-optics. This is a very frightening proposition — and it’s not good for the security of the American people.”
Bachmann noted as she did during the debate that there is no historical precedent for cutting back on the military during time of war, which is an impending reality because of the failure of the debt-reduction supercommittee and the resulting expected Defense budget cuts.
“Well, I think that we're now engaged in four wars — President Obama has put us in two additional wars — there is no historical precedent for cutting back on resources for our brave men and women who are fighting on the field,” Bachmann said. “This isn’t the time to do that. That’s not saying that the defense budget can't do things better — they can, and I’ll give you one example: We pay for hardware for our military on a cost-plus-fee basis. What that means is the longer the delays in producing these items, the more money we pay these producers.
“That’s not right — what we need to do is have a fixed price basis, and we just say: We’ll give you X amount of money for that weapons system and no more — that’s something that we could do to actually reduce costs in the military,” she said. “We can be efficient — but we can’t possibly cut back on our brave men and women. That would be wrong to do that, to do their — to carry out their assigned duty with not enough resources from the taxpayer.”
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