The US federal government is a long way from a true crisis and without that impetus it's far easier for politicians to keep spending silly amounts of money. However, when looking at budget projections you need to realize there is no mandatory spending. “Fixing” SS seems like a deal breaker but we have already increased retirement age with few real grumbles. In the past we drastically cut defense spending with few problems. And despite all the fear pulling out of Vietnam was hardly the end of the free world.
So, yes, I think we will pull out of the middle east within 10 years but a few trillion her or there is not going to break the US economy assuming the government can keep paying such low interest rates. The important thing is adjusting future spending so we can keep those low interest rates.
The US federal government is a long way from a true crisis and without that impetus it's far easier for politicians to keep spending silly amounts of money. However, when looking at budget projections you need to realize there is no mandatory spending. “Fixing” SS seems like a deal breaker but we have already increased retirement age with few real grumbles. In the past we drastically cut defense spending with few problems. And despite all the fear pulling out of Vietnam was hardly the end of the free world.
So, yes, I think we will pull out of the middle east within 10 years but a few trillion her or there is not going to break the US economy assuming the government can keep paying such low interest rates. The important thing is adjusting future spending so we can keep those low interest rates.