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Meltdown-NationalSecu 03-11

Financial crisis tied to U.S. security

WASHINGTON — Lower oil prices make already unstable U.S. suppliers more volatile. Economic weakness in Mexico empowers drug cartels on the southern border. China faces more domestic unrest, leading to government crackdowns. Increased protectionism stifles recovery at home and abroad, and global perception of America’s power is harmed as the nation’s economy founders.

Add to those scenarios a U.S. military viewed as weak from scaled-back defense spending to cut costs, and it’s easy to see how the global financial crisis threatens U.S. national security, according to testimony prepared for a House panel Wednesday.

U.S. officials recently have warned that the nation’s recession and global financial crisis were top security concerns.

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