It's curtains for U.S. military industrial base
Posted: November 24, 2011 1:00 am Eastern
© 2011 WND
I'm going to turn most of my column today over to a friend of mine, Richard McCormack of "Manufacturing & Technology News," who has written an exceptionally important article.
Basically, after years of making economic decisions that we were warned were short-termist, the long term finally has arrived. The failure of the so-called supercommittee to agree on other spending cuts finally has brought the axe down on U.S. defense spending, and it's really going to hurt this time.
Oddly enough, I'm not talking about national security disasters in the immediate term. I'm talking about the fact that we are going to cut our defense spending to the point that our defense industrial base will start to lose capability. This, in the long run, is more important than how many tanks or planes the U.S. fields on a given day.
Every war the U.S. has won since the North defeated the South in 1865 has turned on industrial capacity. Even before then, the U.S. arguably only survived because Congress in 1801 had the foresight to finance an American copper industry in the form of a company, Revere Copper and Brass, that still exists – and is run by Brian O'Shaughnessy, another friend of mine.(Thanks to Revere Copper, we were able to make the copper sheathing for the bottoms of our naval vessels that protected their wooden hulls from being devoured by shipworm.)
This is all no accident.
China, of course, knows exactly what it's doing. Running down U.S. industrial capacity by means of predatory trade surpluses is a quintuple play for Beijing: it makes an immediate cash profit, builds up China's productive abilities for the future, reduces a competitor's abilities, chokes off our tax revenues, and undermines our military power.
One almost has to admire the sheer elegance of their strategy. Didn't Sun Tzu say that to subdue an enemy without fighting him was the acme of skill?
Anyway, here's the excerpt:
Read more. If you have the brain power. LOL http://www.wnd.com/index.php...