And yet, in Washington today, and within the Trump administration in particular, alarmism seems the name of the game.

China has a growing military.

Nor could the US count on an easy projection of its naval and airpower into, say, the Taiwan Strait.

Most importantly, China maintains an arsenal of at least 250 nuclear warheads.

That's a concern in itself, because a $700+ billion military budget is unsustainable, requiring either tough cuts to domestic programs, increased taxes, a ballooning national debt – or all of the above.

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