We could balance our federal budget by reducing our annual spending by $1 trillion each year. Then, if we reduced our spending by another $500 billion annually, we could eliminate our federal debt of $16+ trillion in 35 years. However, we currently add about $1 trillion to our national debt each year, thus weakening the value of the dollar and our economy.
Osama bin Laden's pre-9/11 predictions were prophetic. He knew from
watching the Soviet debachel in Afghanistan where our Achilles heel was
to be found.... the "long term" costs of the Iraq Afghanistan war is at least $1 trillion annually.