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Russia bankrupted their nation once already by blowing all its money on their military and defense, ignoring the people and its infrastructure in the process. They are doing the same again, but they have less to work with as most of the money is siphoned through oligarchs including Putin.
The US have been and continue to do the same thing. The US infrastructure is starting to fall apart. Jobs are disappearing, not due to immigration or automation, but due to lack of maintaining their infrastructure. Food is still abundant, which keeps the masses from turning on its government directly, but instead they are turning on each other through worthless political rhetoric--rhetoric with no difference in ideology for the most part. Some of it is fueled by Russia interference specifically through propaganda, but it was there before this too, it's only amplified now.
Both Japan and Germany had to all but abandon their military and defense spending post world war 2 for obvious reasons. Their economies are thriving to this day because of it. Canada, although I have my complaints, is thriving for the most part as well. Using taxes to pay for things the people need and growth puts things in the right direction at least. Nothing is perfect and all our nations make mistakes along the way, but bankrupting a nation on its military armaments is never the solution. More so now than ever.
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