Yeah, not even looking at the offer seems stupid. Unless maybe you think that it leads to consequences before you get the chance to voice your opinion again. I’m not sure how it was communicated in the lead up to this referendum, at what stage in the process the next one would be.

but Iceland will still need to invest heavily in national defense to realistically protect them from a belligerent America.

To me this just doesn’t seem feasible for a country like Iceland. Imo there is a threshold that needs to be reached before any level of protection is achieved and imo Taiwan is basically the only small country that managed to reach this point. But what it took to get there is being the linchpin for the most important global industry.