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With the tenuous and fragile geopolitical backdrop of today, the US would want to be able to leverage a strong financial foundation. Whether a solid balance sheet that could accommodate an increase in military and related spending if needed or a Strategic Petroleum Reserve that was full and ready for an actual emergency, the US should be fortified and have all options available.
Unfortunately, that is not the case today. The IMF has come out explicitly and reinforced what its analysis has shown implicitly for quite some time: the current financial position of the US is unsustainable. This shouldn’t be a surprise, as this has been echoed by analysis from the Treasury, the CBO (Congressional Budget Office) and just about anyone not detached from reality.
This unsustainability creates not only an economic security issue for the US, but a national security issue as well.
After exploding the already massive size of government another 40+%…