A Chinese People's Liberation Army navy personnel stands guard on their Jiangkai II class vessel, CNS Yulin, during a display of warships in Singapore. Reuters
David Wroe, Sydney Morning Herald: US can't afford to stay ahead of China's military, former Pentagon official warns
A former top Pentagon official says the United States will struggle to stay ahead of China militarily if it sticks to its budget strategy of tax cuts and massive deficits.
The report by former deputy assistant secretary of defence, David Ochmanek, warns that if it loses its military edge, the United States could also lose the confidence of key allies and partners in Asia, such as Australia.
His report, to be published by the United States Studies Centre at the University of Sydney on Tuesday, coincides with the US pledge during the APEC summit to help redevelop the naval base on Manus Island, which could host Australian and American ships.
Read more ....
WNU Editor: Every country that has pursued budget deficits to the extreme always end up with severe cuts in government programs and services to pay the interest and debt obligations that have been incurred. Can the U.S. afford huge spending programs and deficits without tax measures to pay for it .... eventually no. On a positive note .... China's fiscal house is also not healthy.