Last week, U.S. President Barack Obama and Congress struggled until the 11th hour to agree on budget cuts that would avert a government shutdown. The United States' budget deficit is a serious problem, and there have been serious proposals to deal with it, such as those by the bipartisan Bowles-Simpson Commission. But last week's efforts were not a serious solution. They were focused solely on the 12 percent of the budget that is non-military discretionary expenditure, rather than the big-ticket items of entitlements, military expenditure, and tax changes that increase revenue. Yet while last week's cuts failed to do much about the deficit, they could do serious damage to U.S. foreign policy. On Tuesday, the axe fell: The State Department and foreign operations budget was slashed by $8.5 billion -- a pittance when compared to military spending, but one that could put a serious dent in the United States' ability to positively influence events abroad.
Nye, Jr., Joseph S. "The War on Soft Power." Foreign Policy, April 12, 2011.