The Obama administration's just-released National Security Strategy emphasizes that to be strong abroad, the United States must be strong at home. Specifically, it argues that in order to continue to lead globally and project power and influence overseas, the nation must stand on a firm economic foundation, and that requires getting a ballooning deficit and debt under control.
How serious a threat is the mounting debt to the nation's standing as the world's only superpower? Can the U.S. continue to spend more than all other countries combined on its military forces given burdensome debt levels? In what other ways does the mounting debt undermine the country's strategic position? If our unsustainable debt loads are such a drag on U.S. power, how do you judge the Obama administration's dealing with matters of the economy, debt and spending?