/PRNewswire-USNewswire/ -- Riki Ellison, Chairman of the Missile Defense Advocacy Alliance (MDAA) www.missiledefenseadvocacy.org, went on record today commenting on the subject of the United States and Russia making a deal on the proposed third site for deployment of our missile defense system in Poland and limiting Iran's development and deployment of ballistic missiles. His comments are as follows:
"The United States decision to deploy missile defenses in Europe for the protection of the American Public, U.S. Armed Forces and U.S. Allies is about Iran's growing capability, intent and national will of nuclear ambition coupled with ballistic missiles. Any and all influences that can prevent and stop Iranian efforts to build nuclear weapons and ballistic missiles should be fully endorsed and supported. For the United States of America to stop the deployment of the missile defense system in Europe without complete verification that the Iranian nuclear program is dismantled and destroyed as well as the termination of development and deployment of long and medium-range ballistic missiles would put in jeopardy and risk the lives of the American public, the European public and the U.S. Armed Forces deployed in Europe and the Middle East."
"It would be foolish and remiss to believe that President Obama and his National Security Team would not choose to defend the American public, U.S. Military Forces and our Allies from an Iran that will soon develop nuclear strategic missiles. To that extent, movement towards deployment of missile defense systems in Europe must proceed."
"We fully support the outreach to Russia by this President and would hope that Russia is capable of halting Iran's national intent and their development of nuclear and ballistic missile programs. We would also want that Presidential outreach to be extended to collaboration and cooperation with Russia on their missile defense systems, of both sensors and interceptors, to help defend Europe, Russia and the United States if Iran chooses to ignore Russia's influence."
Showing posts with label new deal. Show all posts
Showing posts with label new deal. Show all posts
Tuesday, March 3, 2009
Wednesday, January 21, 2009
Obama's 'Newer Deal' Likely to Raise Deficit
/PRNewswire-USNewswire/ -- As President Barack Obama takes office, he is promising a bold stimulus plan for the declining economy. Some of his proposals mirror those of Franklin Roosevelt's New Deal. A new report from Casey Research, "Obama's Newer Deal," examines Obama's plan in comparison to Roosevelt's and concludes that it is even more risky.
The Obama plan relies on both spending and tax cuts to raise incomes and promote recovery. The Obama administration believes people need to have money to spend in order to get the economy moving.
Casey Research's analysis shows that what is needed is a "great deleveraging: using assets to pay down debts. Like a household with finite income and too many credit cards, there comes a time when the piper has to be paid. Getting more credit cards only temporarily makes the problem go away and surely makes it all worse."
There are other key differences between the New Deal and the Obama plan. In 1933, the federal debt was $360 billion in 2008 dollars and 40% of the GDP. In 2008, the federal debt was just under $11 trillion and 70% of the GDP.
The government is likely to add $3 trillion to the national debt in 2009 alone.
"The time will come and probably in 2009," concludes Casey Research, "that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases."
"The era of runaway U.S. consumerism is over. The economy's eventual turnaround will only occur after the debt that permeates the economy is substantially reduced. It's going to be a painful process," says Casey Research.
Casey Research is a team of highly experienced investors and trained economists who spend countless hours researching powerful economic trends and the very best ways to profit from same. Their clientele is made up of individual and institutional investors who share the costs - through subscription fees - in exchange for unbiased research and information they can use in managing their portfolios to produce above-average returns.
The Obama plan relies on both spending and tax cuts to raise incomes and promote recovery. The Obama administration believes people need to have money to spend in order to get the economy moving.
Casey Research's analysis shows that what is needed is a "great deleveraging: using assets to pay down debts. Like a household with finite income and too many credit cards, there comes a time when the piper has to be paid. Getting more credit cards only temporarily makes the problem go away and surely makes it all worse."
There are other key differences between the New Deal and the Obama plan. In 1933, the federal debt was $360 billion in 2008 dollars and 40% of the GDP. In 2008, the federal debt was just under $11 trillion and 70% of the GDP.
The government is likely to add $3 trillion to the national debt in 2009 alone.
"The time will come and probably in 2009," concludes Casey Research, "that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases."
"The era of runaway U.S. consumerism is over. The economy's eventual turnaround will only occur after the debt that permeates the economy is substantially reduced. It's going to be a painful process," says Casey Research.
Casey Research is a team of highly experienced investors and trained economists who spend countless hours researching powerful economic trends and the very best ways to profit from same. Their clientele is made up of individual and institutional investors who share the costs - through subscription fees - in exchange for unbiased research and information they can use in managing their portfolios to produce above-average returns.
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