http://argument.independent.co.uk/podium/story.jsp?story=444410The economic implications of the current US foreign policy direction make it politically unsustainable. It will have to change direction, either by redefining the war on terrorism in a way that brings allies on board for the long haul and many fronts that it will entail, or by blundering towards an eventual abandonment of the strategy, as happened in Vietnam 30 years ago.
The stakes in this choice are high. If the go-it-alone route is followed, the next decade could witness the rupture of the post-war Western alliance and a renewed downturn in the global economy that could tip it into deflation. The ultimate responsibility for this choice lies at the door of the American taxpayer.