True, but nobody will loan money to a country that is not fiscally responsible (i.e., able to pay it back). A country that must be fiscally responsible to finan

True, but nobody will loan money to a country that is not fiscally responsible (i.e., able to pay it back). A country that must be fiscally responsible to finance its wars will not semi-permanently invade multiple foreign countries. The US gets out of this by being able to do quantitative easing.