This week, the United States and its NATO allies pledged to increase their troop presence in Europe seven-fold, in order to prepare for what they called “warfighting against nuclear-armed peer-competitors”–that is, war against Russia and China.

Who will pay for Biden’s new “forever war”?

Related:

Glenn Hubbard’s WSJ Op-Ed: NATO Needs More Guns and Less Butter

Hubbard is a nonresident senior fellow at the right-wing think tank, American Enterprise Institute!