Last night it was SecDef Chuck Hagel who warned ISIS was a bigger threat to America than 9/11 and primed the narrative for the next round of defense-spending (and this deficit-boosting, QE-enabling money printing). Today it is Senate Armed Services Committee member Jim Inhofe who told Fox that "we're in the most dangerous position we've ever been in as a nation." While that seems a little bit of stretch (oh and hasn't the Senator seen stocks?) he adds - rather ominously, "they're crazy out there and they're rapidly developing a method of blowing up a major U.S. city and people just can't believe that's happening." But then again, when have we ever needed to 'believe' anything anyway (especially without YouTube clips to prove it).

Senator Inhofe explains...

As Fox notes,

“ISIS, they are really bad terrorists, they're so bad even Al Qaida is afraid of them,” Inhofe said reflecting on the recent beheading of American journalist James Foley. Beyond the beheading, Inhofe said the current terror organizations are not going to stay contained to the Middle East. “They're crazy out there and they're rapidly developing a method of blowing up a major U.S. city and people just can't believe that's happening.”

Inhofe blames policy decisions from the Obama administration and cuts in defense spending for putting the country in what he calls a dangerous situation.

“He's [President Obama] going to have to come up with something that we're going to do because they're holding another hostage in place and the problem is, the President says all these things and he never does them,” Inhofe said.

Inhofe said he hopes after the mid-term elections there will be more Republicans in the Senate and more of a willingness for both parties to work on restoring cuts to defense spending.