While we are at it let's have the US stop funding the EU's defense and use the savings to fund healthcare. It won't be great for Europe in the near term but they really need to be self sufficient eventually.
Feel free to put your money where you mouth is, but of course you won't because you will not convince your government to commit suicide, self preservation is a hell of a drug.
The problem with the US is that is does not have a credible peer, it could have been China but they are about to pop their real estate bubble and the EU is not as strong as it should be, so who is on par?
Unfortunately or fortunately, depending on where you stand, America's power is rapidly growing stronger, because they will soon be a net exporter of oil and a myriad of other reasons. It is more realistic to fix its problems than wish it were going away