BO finds the US to be a very flawed nation, so we are in retreat militarily, economically, in space, and in world stature. BO thinks that is great -- no nation "can" be dominant according to him. He must have missed the Reagan years!!
So what does it mean to be an international loser? Poorer, sadder, and most likely eventually beaten in ways that are hard for us to even imagine now. Who will defend this flawed and defeated husk of a ones great nation destroyed by the stench of BO?
Certainly not the God which we have chosen to disdain.
Of symbolic but also more concrete importance is the status of the dollar. The social democratic vision necessarily involves huge increases in domestic expenditures, most immediately for expanded health care. The plans currently under consideration will cost in the range of $1 trillion. And once the budget gimmicks are discounted (such as promises of $500 billion cuts in Medicare which will never eventuate), that means hundreds of billions of dollars added to the monstrous budgetary deficits that the Congressional Budget Office projects conservatively at $7 trillion over the next decade.
The effect on the dollar is already being felt and could ultimately lead to a catastrophic collapse and/or hyperinflation. Having control of the world's reserve currency is an irreplaceable national asset. Yet with every new and growing estimate of the explosion of the national debt, there are more voices calling for replacement of the dollar as the world currency--not just adversaries like Russia and China, Iran and Venezuela, which one would expect, but just last month the head of the World Bank.
There is no free lunch. Social democracy and its attendant goods may be highly desirable, but they have their price--a price that will be exacted on the dollar, on our primacy in space, on missile defense, on energy security, and on our military capacities and future power projection.
But, of course, if one's foreign policy is to reject the very notion of international primacy in the first place, a domestic agenda that takes away the resources to maintain such primacy is perfectly complementary. Indeed, the two are synergistic. Renunciation of primacy abroad provides the added resources for more social goods at home. To put it in the language of the 1990s, the expanded domestic agenda is fed by a peace dividend--except that in the absence of peace, it is a retreat dividend.
And there's the rub. For the Europeans there really is a peace dividend, because we provide the peace. They can afford social democracy without the capacity to defend themselves because they can always depend on the United States.
So why not us as well? Because what for Europe is decadence--decline, in both comfort and relative safety--is for us mere denial. Europe can eat, drink, and be merry for America protects her. But for America it's different. If we choose the life of ease, who stands guard for us?