Rules for a Frugal Superpower
American foreign policy faces substantial belt-tightening, as the mounting expense of servicing the national debt, combined with soaring pension and health-care costs, will leave less money for US initiatives abroad. How, then, should the US adapt in order to minimize the damage to global security caused by its straitened circumstances?
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WASHINGTON, DC – American foreign policy stands on the brink of substantial belt-tightening. The mounting expenses of servicing the growing national debt, combined with the skyrocketing costs of Social Security and Medicare as the 78-million-strong baby-boom generation retires, will leave less money for American initiatives abroad.