Tags: US | Debt | Threat | Security

Council on Foreign Relations: US Debt Is Biggest Threat to National Security

Thursday, 05 April 2012 12:50 PM

Crushing debt burdens and poor domestic policy planning pose the biggest threat to U.S. national security, says Richard Haass, president of the Council on Foreign Relations.

Forget terrorist plots for now.

"What we do to improve our schools, our infrastructure, what we do to reduce the budget deficit…this is going to be critical in years and decades ahead," Haass tells Yahoo’s The Daily Ticker.

Editor's Note: Did Obama Betray America? Video Reveals Truth

"The most important national security question for the coming year is actually the domestic set of issues that involves the economy."

A Council on Foreign Relations Task Force report finds the country's public school system "threatens the country's ability to thrive in a global economy and maintain its leadership role" while "educational failure puts the United States' future economic prosperity, global position, and physical safety at risk," Yahoo adds.

Failure to tackle deficit issues and rein in spending will hamstring the government and prevent it from improving areas most need to maintain the country's global competitiveness, as policies in other countries can affect life at home for many here.

"The United States right now has put itself in a position of some vulnerability," Haass says.

"We're vulnerable to the inflows of dollars, we're vulnerable on the energy front, and the challenge for the United States in the national security realm is to do things that reduce our vulnerability to the decisions and behaviors be it foreign governments or markets."

Treasury Secretary Timothy Geithner has that while growing, the economy is still fragile, adding that cutting government spending can threaten recovery but crimping growth.

"We are gradually getting stronger, but we still have very tough challenges ahead," Geithner told the Economic Club of Chicago, according to Reuters.

"We have to be willing to do things, not just cut things."

Editor's Note: Did Obama Betray America? Video Reveals Truth

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Thursday, 05 April 2012 12:50 PM
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