Archive for the ‘China’ Category
THE WALL STREET JOURNAL
Trump’s Nuclear Deterrence Challenge
America’s nuclear triad is sorely out of date, left to age by a president who saw it as a relic of the Cold War.
The Green War Against the Working Class
www.washingtonpost.com/opinions/defy-america-pay-no-price/2016/01/07/7d8da57c-b57c-11e5-9388-466021d971de_story.htmlTHE WASHINGTON POST
Defy America, pay no price
If you’re going to engage in a foreign policy capitulation, might as well do it when everyone is getting tanked and otherwise occupied. Say, around New Year’s Eve.Here’s the story. In October, Iran test-fires a nuclear-capable ballistic missile in brazen violation of a Security Council resolution explicitly prohibiting such launches. President Obama does nothing. One month later, Iran does it again. The administration makes a few gestures at the U.N. Then nothing. Then finally, on Dec. 30, the White House announces a few sanctions.Is there any red line left? First, the Syrian chemical weapons. Then the administration insistence that there would be no nuclear deal unless Iran accounted for its past nuclear activities. (It didn’t.) And unless Iran permitted inspection of its Parchin nuclear testing facility. (It was allowed self-inspection and declared itself clean.) And now, illegal ballistic missiles.The premise of the nuclear deal was that it would constrain Iranian actions. It’s had precisely the opposite effect. It has deterred us from offering even the mildest pushback to any Iranian violations lest Iran walk away and leave Obama legacy-less.
China’s Creepy New Form of Oppression
CARSON: How to prevent the U.S. from going to hell in a
handbasket — while outpacing China
Smart leadership can keep the nation ahead of China
There is no question that America is the pinnacle nation of the world currently and is likely to remain in that position for several years, given our military strength and the depth and stability of our financial infrastructure. However, overconfidence is the frequent companion of catastrophic decline, as confirmed by numerous historical writings. If we continue our fiscally irresponsible ways, coupled with our arrogance, there exists no other possibility than self-ruination.
Our ability to print money is already in jeopardy as some other nations have begun making noises about altering the international reserve-currency system to emphasize multiple currencies, elevating their status and decreasing the strength of the U.S. dollar. Our ever-increasing national debt would then place us on shaky ground. The Treasury securities we have been offering to China and others would no longer hold the same appeal, and all the borrowing we have done against the financial well-being of our progeny will come back to plague us and them.
Many who are responsible for putting us in this precarious position would argue that we really don’t need to worry about countries such as China replacing us as the pinnacle nation in the world, because they have too many structural problems. For instance, China is far behind us in per-capita income, creating many social issues and negatively impacting growth of the middle class, which is the most effective growth engine. (more…)