"There is a serious surge of demand for bullets due to the Iraq war. Bullet manufacturers in this country don't sit around with spare manufacturing capacity just in case a war breaks out."
And if war is with China? Would the Chinese gladly sell us bullets to shoot them with?
Well, if we get involved in a land war with China, our government is dumber than I think they are.
However, in such a scenario, we'd buy bullets from a third party. India, perhaps. Or the government would pay a whole lot of money to quickly set up ammo manufacturers.
What's your solution to the supposed bullet-deficit in this country?