US Debt Crisis

As many people have predicted, the United States congressional leaders and Obama administration have reached an agreement to deal with the US debt crises in order to avoid a US default.

The immediate danger of default will definitely be avoided this time, as in the past. But the US is still faced with long term financial difficulties with its large national debt and mounting deficit. US government and US citizens must learn to balance its budgets.

The US government accumulated such a big national debt largely because its military adventures overseas. For decades, the US government has assumed the responsibility of self-appointed world policemen. It has used its military superiority in the world in a very arbitrary manner. It wants to make the whole world in its own image. Past US military intervention in Korea, Vietnam and elsewhere caused huge humanitarian and environmental disasters in the world. More recent US military adventures in Kosovo,

Yugoslavia, Iraq, Afghanistan and Libya have also caused tremendous distresses to the people and environment in these countries.

The US people also paid huge prices for their leaders' wrong-headed decisions. Hundreds of thousands of US servicemen lost lives and limbs in action. The financial burdens these military adventures placed on the US people will be apparent as the US Congress acts to cut domestic spending on Medicare, education, transportation, welfare and so on.