If Secretary of State Hillary Clinton warned last week that our rising national debt "poses a national security threat," should President Barack Obama or anyone in his administration be suggesting any economic plan that would increase it in any way?
At last week's Council on Foreign Relations meeting, Clinton was supposed to be espousing "a new American moment" and boosting U.S. global leadership, but she ended up dropping the country further in the tank (the debt tank, that is) during an off-script Q-and-A session after her 45-minute speech.
In response to a question from the president of the CFR, Richard Haass, on the impact of a monstrous and crippling national debt, Clinton veered from the Obama administration's typical economic path and plan.
Here's a portion of Hillary's actual reply to Haass: "I think that our rising debt (level) poses a national security threat, and it poses a national security threat in two ways. It undermines our capacity to act in our own interests, and it does constrain us where constraint may be undesirable. And it also sends a message of weakness internationally. I mean, it is very troubling to me that we are losing the ability ... to chart our own destiny."
I can't say often that I agree with Hillary, but on this point, we're in complete harmony. That is why I address it in the expanded paperback version of my latest New York Times best-seller, "Black Belt Patriotism," in the chapter titled "Stop America's Nightmare of Debt."
But then Clinton backpedaled by jumping on the old Obama administration blame-game bandwagon: "We don't need to go back and sort of re-litigate how we got to where we are, but it is fair to say that, you know, we fought two wars without paying for them, and we had tax cuts that were not paid for, either. And that has been a very deadly combination to fiscal sanity and responsibility."
That's too bad. Hillary was doing so well owning up to the administration's role in the mammoth national debt, but then she got caught up in that blame-Bush merry-go-round that is so contagious in this administration.
At this point, nearly two years into Obama's presidency, isn't that a lot like the pot calling the kettle black?
It's time, once and for all, for this administration to stop and get off that economic fault ferryboat. You can do that through the presidential campaign, but when the present White House has plummeted the U.S. into more debt than the cumulative totals of all administrations from George Washington to Ronald Reagan, it's time to put up or shut up. Let me explain.
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