The US Security Implications of a US Default on Its National Debt

INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Jeffrey Schloesser.

Price and Schloesser Discuss important — but rarely mentioned — the national security implications to the current debt crisis.

The United States is facing a critical challenge that extends beyond its financial stability and economic future. The potential default on the national debt holds severe implications for national security, the well-being of soldiers and veterans, global credibility, and the long-term impact on the economy and public policy.

Soldiers and Veterans:

A default on the national debt would have detrimental consequences for soldiers and veterans. The government’s ability to pay their salaries and benefits could be severely compromised. These brave individuals, who have dedicated their lives to protecting the nation, may experience financial hardships, affecting their morale and potentially hampering military readiness. The well-being of soldiers and veterans should be a paramount concern, as their sacrifices and service must be honored.

Implications for US Credibility Abroad:

A default would significantly undermine the credibility of the United States on the global stage. The US dollar serves as the world’s reserve currency, and its reliability rests on the perception of stability. A default would erode confidence in the US economy and trigger market turmoil. Such a loss of credibility could lead to a decline in foreign investment, economic sanctions, and weakened diplomatic leverage. It could also strain alliances and compromise the United States’ ability to address global challenges effectively.

Long-Term Economic Impact:

A default would have far-reaching consequences for the economy and public policy. Interest rates would spike, making it more expensive for the government to borrow money. This would increase the cost of servicing the debt, diverting funds from essential programs such as defense, infrastructure, and healthcare. The overall impact on the economy could be severe, with reduced economic growth, job losses, and a potential recession. The burden of the debt would fall on future generations, limiting their opportunities and constraining their ability to address emerging challenges.

Conclusion:

A US default on its national debt would have dire implications for national security, soldiers, veterans, global credibility, and the long-term economic well-being of the nation. It is imperative that policymakers recognize the severity of such an outcome and take appropriate measures to prevent it. Ensuring the financial stability of the nation is not just an economic imperative but also a vital component of safeguarding national security, honoring the sacrifices of soldiers and veterans, maintaining global credibility, and securing a prosperous future for all Americans.

According to a statement, “Major General Jeffrey Schloesser (US Army Ret) author of Marathon War: Leadership in Combat in Afghanistan.

“From Major General Jeffrey Schloesser—former Commanding General of the 101st Airborne Division and Regional Command-East—comes a revealing memoir of leadership in the chaos and fog of the Afghanistan War.

“Join Major General Schloesser in the daily grind of warfare fought in the most forbidding of terrain, with sometimes uncertain or untested allies, Afghan corruption and Pakistani bet-hedging, and the mounting casualties of war which erode and bring into question Schloesser’s most profoundly held convictions and beliefs. Among several battles, Schloesser takes readers deep into the Battle of Wanat, where nine U.S. soldiers were killed in a fierce, up-close fight to prevent a new operating base from being overrun. This encounter required Schloesser to make tactical decisions that had dramatic strategic impact, and led him to doubts: Can this war even be won? If so, what will it take?”This book is a rare insight and reflection into the thoughts of critical national decision-makers including President George W. Bush, Secretary of Defense Robert Gates, then-Senator Barack Obama, and numerous foreign leaders including Afghan President Hamid Karzai. Key military leaders—including then Chairman of the U.S. Joint Chiefs of Staff Admiral Michael Mullen, then Central Command Commanding General David Petraeus, then Lieutenant General and future Chairman Martin Dempsey, and International Security Force Commander General David McKiernan—all play roles in the book, among many others, including Chairman of the Joint Chiefs General Mark Milley and Army Chief of Staff General James McConville. Analyzing their leadership in the chaos of war Schloesser ultimately concludes that successful leadership in combat is best based on competence, courage, and character

The book is “Marathon War: Leadership in Combat in Afghanistan.”

“BIO: Jeff Schloesser is a retired Army Major General who commanded the 101st Airborne Division for thirty-three months, including fifteen months in combat in Afghanistan. In his thirty-four-year Army career he served in Afghanistan, Iraq, Kosovo, Albania, Kuwait, Haiti, Jordan, Korea, and twice in Germany.

“He was an assistant division commander in the 101st Airborne Division in Iraq 2003-04, the first Global War on Terrorism Planning Director in the Pentagon after 9/11, and the first Deputy Director at the National Counterterrorism Center for Strategic Operational Planning.

“An aviator, Jeff commanded two battalions of the 160th Special Operations Aviation Regiment and a brigade task force in Albania and Kosovo.

“He resides with his wife Patty in Park City, Utah, and northern Virginia. He has completed thirty-eight marathons.”

Check out more national and international news stories here.

LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE

About Author

admin

The news team of The Daily Blaze guest writers, and our contributors, which includes award winning journalists, continuously update this site with the best in writing.

No articles on this site should be construed as the opinion of The Daily Blaze or PriceofBusiness.com. Do your homework, get expert advice before following the advice on this or any other site.

See author's posts