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China is increasing defense budget |
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Written by Stumo
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Tuesday, 04 March 2008 |
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And their doing it with our money, and our technology. We got
out of the last cold war, looking for a peace premium. Now we are
financing the buildup of another rival. And they are hacking our Pentagon with cyber-warfare tactics.
Here is the China position:
"China pursues a national defense policy which is defensive in
nature," Jiang told a news conference. "China's limited military
capability is solely for the purpose of safeguarding independence,
sovereignty and territorial integrity, and will not pose a threat to
any country."
Right. Taiwan is the flash point:
"China's sovereignty and territorial integrity tolerate no division," Jiang said. "We
are fully prepared to repulse any adventurous activities towards Taiwan
independence and to prevent anyone from separating Taiwan from China
under any name or by any means."
And as always, you never know what is really going on.
But international experts estimate China's true spending on the PLA could be as much as triple the stated figure.
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In the news
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The following article appeared on the online site for Manufacturing & Technology News on November 17, 2008 and was written by Paul Craig Roberts, former Assistant Secretary of the Treasury in the Reagan administration.
By most accounts the U.S. economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a "mini-depression," but that designation might be optimistic. Russian economist Mikhail Khazin says that the "U.S. will soon face a second Great Depression." It is possible that even Khazin is optimistic.
I cannot predict the future. However, I can explain what the problems are, how they differ from past times of troubles and why traditional remedies, such as the public works programs that Reich proposes, are unlikely to succeed in reviving the U.S. economy. |
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