The Impact of the Sequester on our National Defense | Capital Commentary

The Impact of the Sequester on our National Defense | Capital Commentary by Steven E. Meyer.  MGB: This story has two sides.  The first is that we seem to be the enforcers of a Pax Americana, which we are largely funding through deficit spending.  The CBO has released a study that shows, however, that defense is not what will grow in the future, nor will entitlements or discretionary spending.  It is net interest that is set to grow as we continue to borrow from the people who hold our debt as they continue to roll it over for their own reserve currency and fund management purposes.  One would think it would make more sense to seek a tribute payment for defending the world, include more international input into defense strategy and end our borrowing habits accordingly.