The “National Blessing,” according to Alexander Hamilton, is the ability to borrow small amounts of money, and repay it. This allows credit to flow freely so long as you are timely about your payments, allowing for circulation of money, and eventual goods and services. Massive debt undermines fiduciary value of fiat currency, and that is the reason for a $700+ billion military. If you don’t respect our money, you will respect our guns. Perhaps temporary measures to reduce annual deficit spending. But putting austerity measures on ourselves in the era of bloated social security, Medicare, and Fed Reserve Interest, and military would simultaneously reduce American influence on all fronts in a very small time frame. This would create a globally destabilizing risk. And we will get to know our enemies very quickly.