VDH's Private Papers
... "The subsequent appeasement of Britain and France, the isolationism of the United States, and the collaboration of the Soviet Union with Nazi Germany green-lighted Hitler’s aggression — and another world war.
"We are entering a similarly dangerous interlude. Collapsing oil prices — a good thing for most of the world — will make troublemakers like oil-exporting Iran and Russia take even more risks.
Terrorist groups such as the Islamic State feel that conventional military power has no effect on their agendas. The West is seen as a tired culture of Black Friday shoppers and maxed-out credit-card holders.
"NATO is underfunded and without strong American leadership. It can only hope that Vladimir Putin does not invade a NATO country such as Estonia, rather than prepare for the likelihood that he will, and soon."
"The United States has slashed its defense budget to historic lows. It sends the message abroad that friendship with America brings few rewards while hostility toward the U.S. has even fewer consequences. ..."
Emphasis mine, TD