Oh, while I love Cato in general their defense positions are silly.
On the other hand, for whatever reason people are big on "sky is falling" analysis of our military relative to others, particularly the PRC.
If we do not, I believe we will fight them in the next ten years or maybe sooner depending on the Taiwan issue. I believe we will win in any case, but that the cost will be much greater than if we act accordingly now. Just my opinion.