Adam Smith wrote in "The Wealth of Nations" that “the first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of a military force.” Today, failing to protect our national security inevitably endangers our economic prosperity by making us vulnerable to global adversaries.
It is clear that President Obama does not agree with Smith’s wisdom. Obama’s policies are jeopardizing not only our national security and economy, but our constitutional sovereignty too.
That is why I have been considering running for president. The Republican Party must nominate a leader who, unlike Obama, understands instinctively that America’s liberty, prosperity and national security are inextricably linked.
Sadly, last week’s debt-ceiling legislation, potentially resulting in catastrophic cuts to our defense budget, only reinforces my deep concerns. This may have been the best we could get, and it is far better than we feared. But the deal risks massive defense cutbacks, potentially pointing a dagger at the heart of our security and sovereignty.
Former U.N. Ambassador John Bolton, is a Fox News contributor and a senior fellow at the American Enterprise Institute, is the author of "Surrender Is Not an Option: Defending America at the United Nations" (Simon & Schuster, 2007). To continue reading his column on a possible run for the presidency in Human Events, click here.