James Traub counters a new report from the conservative Project 2049 Institute demanding a significant increase in military spending to prevent nuclear war with China:
Americans are, understandably, much too obsessed with the economy right now to spare a thought for national security. But the debate is waiting in the wings. The threat of terrorist attack is very real, but diminishing. Al Qaeda is not the national nightmare it once was. Are Americans going to replace it with a new nightmare — or rather, a recycled one from the depths of the Cold War? I certainly hope not. China's regional ambitions do need to be checked. But if America bankrupts itself in the process, we'll win the battle and lose the war.
The Dish 