We now preside over a network of 737 known US bases that rings the globe, each a possible launching pad for the projection of American military power anywhere in the world at a moment’s notice. [The] would-be world policeman finds himself on the brink of bankruptcy. The American "hyperpower," which once aspired to global hegemony – "benevolent global hegemony," was the soaring phrase neocons William Kristol and Robert Kagan used – shows every indication of going into irreversible decline.
Indeed. In the president’s SOTU, he announced a freeze on discretionary spending, but none on military spending. In other words, we can still rack up an even more unearthly deficit on our wars, but…
The payoff in budget savings would be small relative to the deficit: The estimated $250 billion in savings over 10 years would be less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over that time.[...]
The freeze would cover the agencies and programs for which Congress allocates specific budgets each year, including air traffic control, farm subsidies, education, nutrition and national parks.
Things that have kept us from being another banana republic.
....but hey, do what you want....you will anyway.
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