An Epic length essay of mine in which I lay out my theory of history and why briefly summarized: The Age of the nation state is almost certainly coming to an end under the corroding forces of decentralizing military technology and institutional decay.
The future will not resemble post French Revolution centralized governments asserting their control over each other, but rather will slowly come to resemble the Greek City states (misnomer) or the Holy roman empire's vast network of thousands of polities and war making entities.
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Notes -
"Cut spending" is definitely a real solution to deficit, and one that Kulak straight-up noted. Whether doing so would be peaceful or not I'm not sufficiently knowledgeable to comment on.
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