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The Wisdom of Retrenchment

America Must Cut Back to Move Forward

In the wake of the Cold War, U.S. foreign policy underwent a profound transformation. Unrestrained by superpower competition, the United States' ambitions spilled over their former limits. Washington increased its military spending far faster than any of its rivals, expanded NATO, and started dispatching forces around the world on humanitarian missions while letting key allies drift away. These trends accelerated after 9/11, as the United States went to war in Afghanistan and Iraq, ramped up its counterterrorism operations around the world, sped up its missile defense program, and set up new bases in distant lands.

Today, however, U.S. power has begun to wane. As other states rise in prominence, the United States' undisciplined spending habits and open-ended foreign policy commitments are catching up with the country. Spurred on by skyrocketing government debt and the emergence of the Tea Party movement, budget hawks are circling Washington. Before leaving office earlier

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