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| Economy |
| Obama National Security Advisor: 'We're Seeing Evolution' of Trump's 'America First' Policy |
| 2017-07-12 |
| [PJ] WASHINGTON ‐ Gen. James L. Jones, Jr., national security advisor to President Obama, said he was "very proud" when President Clinton balanced the federal budget by cutting defense spending and warned about the U.S. debt-to-wealth ratio. "I was a fairly senior military officer, and a large part of that budget-balancing act came at the expense of the Defense Department ‐ but as an American, I was very proud of that," Jones said at the Global Forum 2017 in Warsaw, Poland, on Thursday. "I was very proud of the fact that we had a government that balanced the budget, but it hasn’t happened since then." Jones said one of the "real threats" to the U.S. economy is the "debt-to-wealth ratio" that "nobody" seems to be discussing publicly. "That worries me a great deal because I think it affects everything we do," said Jones. "I think trade and business is absolutely essential to our security, but if you don’t come to the party with your house in order you can’t achieve these lofty aspirations no matter who are you. And on that score, I think the United States still has a big problem." |
| Posted by:Besoeker |