American Profligacy and American Power Roger C. Altman and Richard N. Haass

The U.S. government is incurring debt at an unprecedented rate. If U.S. leaders do not act to curb their debt addiction, then the global capital markets will do so for them, forcing a sharp and punitive adjustment in fiscal policy. The result will be an age of American austerity. Read

 
http://www.foreignaffairs.com/articles/66778/roger-c-altman-and-richard-n-haass/american-profligacy-and-american-power