The Cost of Debt Service Will Overtake the Defense Budget of the US

No great power in history has ever spent so little on its military. I worry a little bit that the Chinese may have more strategic coherence at this point. Notice they are now the ones who appear to be posturing as the peace brokers. This is actually quite hazardous for the United States. Any peace that China brokers will be a far, far better outcome for Putin than we would want to see. The thing that worries me just to go to John's favorite topic is that at some point this decade, the cost of debt service will exceed the defense budget of the US.