Sec Gates has a great message for all of us:
"America can be a superpower or a welfare state, but not both." (WSJ)
Sec Gates is right. We can not be the superpower that defends democracy or defends our interests around the world unless we wrestle out of control spending.
We are either a military superpower or will turn into another European nation that can not defend itself.
We are facing a critical choice: Do we cut entitlements or do we cut military expenditures?
We need to cut or reform entitlements for another reason. We won't be a prosperous nation if we run deficits of 10% of GDP.
Listen to Sec Gates. I have a feeling that Sec Gates's farewell will be one that we wil remember for years.
We spoke a bit about Sec Gates on Sunday night with Bill Katz:
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