http://smallwarsjournal.com/blog/201...-of-austerity/
Quote:
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The long war against extremism has cost us well over $2T in direct costs alone and the interest compounds daily. Meanwhile the country’s demographic aging, rising health care costs, and insatiable appetite for entitlements has placed our great Nation’s balance sheet deep in the red. A culture of entitlement over sacrifice and shared obligation has eroded our stature as a great power and our moral standing. A decade of continued economic pressure, unemployment above 12%, coupled with a determined resistance on the part of the nation’s elected officials to come to any serious resolution of the country’s fiscal crisis has brought us to the point of peril.
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Worth reading the whole thing.
@TLAM it doesn't matter if they make us pay, what matters is that we won't be able to afford anything and we won't be able to get loans to fill the gap (because they know we can't pay).