The US Defense Secretary admitted that the US military could not pay on time: US debt would undermin

Original title: the US Defense Secretary admitted that the US military could not pay on time: US debt would undermine national security

US Secretary of defense Lloyd Austin
Overseas network, October 7 (Xinhua) US Secretary of defense Austin (Lloyd Austin) said on Wednesday (6th) that in view of the military's inability to pay the salaries of its servicemen and contractors on time, the debt owed by the United States will weaken the economic strength on which the country's national security depends.
According to the Russian satellite news agency, Austin said in a statement that if the United States defaults, it will undermine the economic strength on which the country's national security depends, and he himself "has no power or ability to ensure that the country's active personnel, retired personnel or contractors can receive full or timely salaries". Austin said in a statement that the welfare of 2.4 million veterans and 400000 contractors will also be at risk. Austin added that in this case, the U.S. military will not be the only victim, because federal contractors, large companies and small businesses will also delay payment in case of default.
Earlier this week, the White House said that failure to raise the debt limit would have adverse consequences for the US financial system, including weakening the US dollar and US Treasury bonds as the world's reserve currency. Although US Treasury Secretary Yellen warned that such measures could lead to a large-scale crisis, Senate Republicans have twice blocked efforts to raise the debt ceiling and prevent default. (overseas network Hou Xingchuan)
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