The hard truth is that we have been out-spending our ability to borrow and print money. When we exhaust our ability to pay for our military we will have to cut it back to a sustainable level. We will have to make a choice between paying for ObamaPhones and ships/tanks/airplanes.
Moreover, the vast level of money-printing has enabled politicians and bureaucrats to think it is easier and more trivial to go to war than it really is. Look at how easy it was to bomb Libya. Look at how quickly some on the left talked about intervention in Syria. There would be a lot less talk about the “Responsibility to Protect” (RTP) if our the size of our military was constrained by a balanced budget requirement.
I know what choice the liberals have made. Choosing between keeping our sovereignty and “Obamaphones”/SNAP cards is not a viable choice.