02/23/2025
He cites the CBO, who says the federal debt will reach nearly 5% of the US GDP by 2049.
Those circumstances mean Congress will be less likely to continue increasing spending on defense, leaving the United States vulnerable to attack, he tells WSJ.
He worries the US could be headed to the same place as Pre-WWII Britain and the policies of appeasement but says the consequences could be worse, leading to 'down the path of default, depreciation and imperial decline.'
