There are general arguments with respect to whether the United States ought to be supplying Ukraine with weapons of war during their present conflict with Russia. Moral purists will even argue, and not without justification, that a proverbially free democracy like the U.S.A. should not be in the business of weapons supply at all, even with close allies. Libertarians say that it’s unreasonable to engage in any overseas warfare whatsoever for any reason but self defense. Finally, there are specific objections to permitting the Abrams to be deployed on any modern battlefield where the vital interests of the United States are not at issue.
Much of this can be simplified to the single question: Does the United States have any reason at all for involvement with the Ukraine war?
At 2 p.m. today, the NBER will release the monthly Treasury update of debt relative to credit. (Here’s a spoiler: It won’t be anything we didn’t see a month ago. We’re up to our ears in debt.) Meanwhile, Congress is rushing back into emergency session for a quick fix to stave off default as our spending continues to increasingly exceed our income. At a time when every politician is casting blame about the rapidly ballooning national debt and the continual political struggle surrounding raising the debt limit, it’s worth our while to examine the larger picture: Whose fault, really, is the precarious condition of our national finances?
It’s tempting for partisans to each blame the other party; it’s easily done, too, as government waste has become proverbial and inefficiency is automatically assumed without the bother of proving it. It’s equally simple for a certain class of people to throw up their hands and blame all politicians, as though they themselves would do better if they were in charge. But even a little brief reflection will show that, while these are satisfying accusations, they can’t possibly have much merit.