The so called Chinese Military threat-3

As compared to other military powers, the Chinese armed forces are not based in other countries and they are now trying to make sure that the lanes of commerce remains open. Is this a good thing or a bad thing, we don’t know yet. But the U.S. of today is more preoccupied internally and also has increasing worries due to the War on Terror. Plus it really does not have the money to project its power as it use to be. We are spending more than half a trillion dollars on our armed forces and we still feel less secure. How much higher can we go on spending with our economy in not good shape? Our so called allies have left us defending their borders without any monetary compensation. This could have been done during the cold war years but not now.

If we really do perceive the Chinese as a military threat then we will have to fix our own house in order. Although everybody thinks that our economy can handle the expenses of our armed forces but the fact is that we have other obligations to consider too like, Medicare, Medicaid, Social Security and debt servicing. We can not continue to assume that we can fulfill all our obligations by issuing securities to be sold to international investors. We should start to live within our means. If we are strong economically, then we will be able to counter the so called Chinese Threat.