Niall Ferguson on the threat of US Debt

Dr. Ferguson maintains that sometime within the next decade the U.S. will spend more on debt service than it will be able to spend on defense. He predicts a major forced withdraw of U.S. forces from Iraq and Afghanistan.

To me, this sobering forecast highlights the need for a major reassessment of ALL American military commitments outside the U.S. Where does the U.S. truly need to have troops and bases? I don’t necessarily agree with Ferguson that there must be a major withdraw of U.S. military forces from the Middle East and Central Asia, but if that doesn’t happen it certainly means a major reduction of forces must occur elsewhere.

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