The U.S. and its allies can’t afford to drift aimlessly as history’s tectonic plates shift.
Excerpt
First, Washington and its allies must immediately increase defense budgets to Reagan-era levels relative to gross domestic product and sustain such spending for the foreseeable future. Federal budgets need substantial reductions to eliminate deficits and shrink the national debt, so higher military spending necessitates even greater reductions domestically. So be it. Neither the obese welfare state nor massive income-redistribution schemes protect us from foreign adversaries. Higher levels of economic growth, freed from crushing tax and regulatory burdens, will underlie the necessary military buildup.