Go Back   SZONE.US Forums > Current Events > News > The Heritage Foundation

The Heritage Foundation Since its founding in 1973, The Heritage Foundation has served as a research and educational institute -- a think tank -- whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense

The Heritage Foundation

VIDEO: Britain"s Liam Fox Warns America: Your Debt Is a Threat

Thread Tools Search this Thread Rate Thread
Unread 02.29.12, 03:10 AM
@Heritage @Heritage is offline
Join Date: 06.09
Posts: 37,392
VIDEO: Britain"s Liam Fox Warns America: Your Debt Is a Threat

On 02.28.12 09:26 PM posted by Rob Bluey

Britain’s Liam Fox has a warning for America: Fix the debt problem now or suffer the consequences of less power on the world stage. The former U.K. secretary of state for defense visited Heritage to explain why the America’s debt is a national security issue.

>> Watch the full 45-minute speech, “Warning to a Superpower”

Fox faced cuts to the armed forces in the United Kingdom during his tenure. He said the amount of interest Britain pays on its debt is larger today than its budget for defense. Fox explained that both Britain and America should be concerned about the impact our national debt has on our security.

“The real issue is the indebtedness of Western nations,” he stressed, “Here in the United States, there is a certain irony in the fact that in order to maintain debt interest payment by the national government, America is having to cut its security budget so that some of that money on the debt interest ends up in Moscow and Beijing.” He underscored to the need for serious reforms to tackle what he described as our “absolutely unsustainable” level of national debt. Western economies, he warned “are up to their necks in debt and if they don’t do something about it, [they] will drown in that debt.”

During an interview before his Heritage speech, Fox addressed the current controversy in Afghanistan and the threat of an early withdrawal by U.S. and coalition forces. He also reacted to American concerns that the United States was morphing into Europe.

The interview runs about 4 minutes. Hosted by Rob Bluey and produced by Brandon Stewart. For more videos from Heritage, subscribe to our YouTube channel.

Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Rate This Thread
Rate This Thread:

All times are GMT -8. The time now is 06:18 PM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright 2007 - 20017 SZONE.US All rights reserved