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Since America's political and media class steadfastly ignore this glaringly obvious point, it's nice (albeit self-interested) of the Chinese to point it out for us.  As we endlessly hear about a massive debt crisis, the current President has started one optional war that has already exceeded its estimated costs, plans to continue (if not escalate) two more, is drone-attacking a new country on a seemingly weekly basis, expands sprawling covert military actions in still other countries, builds new overseas detention facilities, all while offering only the most modest, symbolic and illusory "cuts" in military spending.  The alleged need to slash the financial security of American citizens -- and the notion that America faces a severe debt crisis -- would be more persuasive if the country didn't continue its posture of Endless War and feeding the insatiable, bloated National Security State (to say nothing of the equally insatible and wasteful Drug War and its evil spawn, the increasingly privatized American Prison State, which the Obama administration is expanding as aggressively as the War on Terror).