Ron Paul: "We Spent a Billion Dollars Fighting the Houthis…and Lost'
(ronpaulinstitute.org)
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The navy is in better shape than you give it credit for, and we are well ahead of everyone else, so much that even if we were in as bad of a state that you describe, we'd still be ahead.
Frankly, I think that's exactly the reason we are fighting these wars. China is looking for a Taiwanese invasion; and causing American attrition in Israel, Ukraine, and Yemen helps a lot. Lucky for us, the Chinese are more retarded than we are.