For the first time since Lord North in 1782, the British House of Commons has denied a prime minister the authority to enter a war. That it is a “war” proposed by Barack Obama of the United States is testament to how far the U.S. has fallen.
When the money drains away, the power to control events drains away with it. So the Brits learned in 1939. So we are learning in 2012.
There’s no money left in the U.K. and there’s no money left here. The only difference is that the coalition government is admitting as much in Britain while politicians on both sides of the aisle here in the U.S. talk of our dismal finances only in oblique terms.