Even if America once felt wealthy enough to squander its financial resources in such pursuits, those days have ended. Washington is effectively bankrupt, with massive unfunded liabilities. Its fiscal future will only worsen as Baby Boomers continue to retire. The annual budget battle is at its peak and Washington continues to flaunt its remarkable dysfunction. This fiscal irresponsibility affects more than domestic programs. In the coming years, it is likely to drive U.S. foreign and military policy. The U.S. government has no more important duty than defending the nation. However, providing for the “common defense,” as the Constitution puts it, is remarkably easy. America has vast oceans east and west and peaceful neighbors to the north and south. Today only Russia, with an arsenal of nuclear-tipped missiles, could launch a serious attack on America. However, Moscow has no incentive to do so, since the result would be devastating retaliation. China’s military is expanding but…

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