Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state sponsors of terror.
After America won the Cold War, some believed we had come to the 'end of history,' and budget-cutters celebrated the so-called 'peace dividend.' As a result, we ignored the toxic mixture of militant Islam and terror that ultimately led to 9/11.
The object of China's strategy is inexorably to supplant the United States as the world's premier economic power, and if necessary, to defeat us militarily.
History demonstrates that previous military drawdowns invited aggression by our enemies. After World War I, America drew down forces until the U.S. Army had fewer than 100,000 men in uniform. That weakness invited Nazi aggression in Europe and the imperial Japanese attack at Pearl Harbor.
To his lasting credit, President Reagan never wavered. He recognized the strategic importance of staying the course, both in terms of denying Moscow the military hegemony it sought in Western Europe and of restoring the will, cohesiveness, and security of the NATO alliance, so badly frayed during the turbulent 1970s.