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Cavuto: New Cold War in Our Hands

 
     

    Missed tonight's Cavuto? Catch "The Deal" right here on FOXBusiness.com

    Ok, here's the deal:

    Let's make a deal.

    The Cold War is back, my friends.

    Anyone have some cold, hard cash to pay for it?

    Because just in case you think this Russian thing in Georgia is ending with Georgia...the cold hard truth?

    Lots of cold, hard talk.

    And please stop me if you've heard this talk before:

    "There must be consequences for these Russian actions."

    "Russia wants to reassert a traditional sphere of influence."

    "We must reassess all relations with Moscow."

    That's not former Defense Secretary Robert McNamara talking about the soviets nearly 50 years ago.

    That's Defense Secretary Robert Gates today.

    Responding to a Russian threat we had long feared but hoped wouldn't materialize.

    News flash: it has.

    And with it, the reality that we have to deal with that threat now that it has.

    Trouble is, there's little money in the till.

    In fact, there's no money in the till.

    Who knew that the great August surprise turned out to be not just an emboldened Russia taking advantage of a beholden west...but the west beholding the prospect that every fiscal plan that called for a cutback in military spending isn't worth the proverbial paper it's printed on.

    Up until all this happened, everyone in Washington talked about declining defense spending. We'd wind down in Iraq, spend less in Iraq, and take that dough and spend it somewhere else.

    Now it turns out that somewhere else might be more defense for a Cold War whose dimensions we cannot imagine, but whose implications we cannot afford "not" to imagine.

    I'm telling you, my friends, whether it's John McCain or Barack Obama, military spending just became a priority again. I'm not saying that's good or bad, or even justified...It just is.

    Get over it.

    Get on with it.

    Time to deal the cold cash.

    Because like it or not, we've got ourselves a Cold War.

     

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