Now that the pandemic crisis is hammering America’s finances, U.S. strategy risks veering even further into permanent insolvency. Even before the crisis, the military demands of an intense global competition with China, Russia, and secondary competitors like Iran and North Korea were becoming financially untenable. Now, the costs of the current crisis — in both the short and long term — are likely to lead to further cuts from the defense budget and may call into question the sustainability of major U.S. commitments.

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