US History

U.S. involvement in world affairs
The Cold War between 1945 and 1991 was the political hostility state that was there between the US-led Western countries and the Soviet bloc countries. In the 1980s, the U.S. President Reagan reawakened the cold-war policies and rhetoric, calling the Soviet Union the “evil empire” and intensifying the nuclear weapons race. The U.S. participation in Vietnam is as well only understood in the larger Cold War context.

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Entitlement programs are current government programs, which guarantees specific benefits to particular groups or segments of the population, for instance, Social Security, and Medicare. Sustained solvency of the programs would require benefits reductions or payroll tax rate rises (or a combination of both). The Medicare Trustees Report projected that the Medicare Trust Fund would be bankrupt by the year 2030 whereas the combined (disability and retirement) Social Security would be bankrupt by the year 2033.

Bacevich, A. J. (2002). American empire: The realities and consequences of U.S. diplomacy. Cambridge, Mass: Harvard University Press.

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