Bill Moyers sits down with history and international relations expert and former US Army Colonel Andrew J. Bacevich, who identifies three major problems facing our democracy — the crises of economy, government and militarism — and calls for a redefinition of the American way of life.

As financial fallout dominates the news, BILL MOYERS JOURNAL explores how the shifting national priorities may be threatening what America stands for. Bill Moyers sits down with history and international relations expert and former US Army Colonel Andrew J. Bacevich who identifies three major problems facing our democracy - the crises of economy, government and militarism - and calls for a redefinition of the American way of life. "We're squandering our power. We are squandering our wealth to the extent that we persist in our imperial delusions. We're also going to squander our freedom," says Bacevich. Respected across the political spectrum, Bacevich has contributed to The Nation , The American Conservative and Foreign Affairs , among others, and his latest book is The Limits of Power: The End of American Exceptionalism .