To view this email as a web page, click here

.
AEI's weekly digest of top commentary and scholarship on the issues that matter most

A Conversation with Amb. Robert C. O’Brien

China’s Comprehensive Threat to American Security

September 28, 2024

On Thursday, Dan Blumenthal hosted Amb. Robert C. O’Brien, former national security adviser to President Donald Trump, for a conversation at AEI on how the next administration should shape US grand strategy to counter China. O’Brien highlighted how China is seeking to disrupt American politics and threaten American business alongside its military buildup and proposed specific policies to counter these threats.

 

 

In addition to the threat from China, the US faces serious economic and social challenges at home on the economy, education, health care, debt, and taxes with little political appetite to solve them. Working with the Center for Collaborative Democracy, Michael R. Strain co-chaired a committee of progressive, centrist, and conservative experts (including AEI economist R. Glenn Hubbard) that developed a “grand bargain” policy agenda that could tackle these issues together.

 

Addressing these issues will require voters and policymakers to embrace compromise. Former Senator and AEI Distinguished Visiting Fellow Rob Portman spoke at Texas A&M’s Bush School of Government and Public Service about his own bipartisan policymaking lessons from the White House and Congress.

 

Congress notched a notable bipartisan success this week by passing legislation exempting new CHIPS and Science Act manufacturing projects from many of the National Environmental Policy Act (NEPA) permitting requirements. Will Rinehart explains how NEPA is a major obstacle to economic development and building projects.

 

Lawmakers could also come together to strengthen economic opportunity, especially since the Trump and Harris campaigns both emphasize the issue. Analyzing new research from Raj Chetty and Opportunity Insights, Ian Rowe identifies three policy areas that can ensure the American Dream stays in reach for young people.

 

Lowering the cost of housing would also increase economic opportunity and growth, but federal housing policy is frequently counterproductive. AEI Housing Center Codirector Edward J. Pinto shows how Kamala Harris’s housing plan would only increase shortages and proposes alternative federal action that would increase housing supply.

Current Estimates of Sustainable Government Debt Limits for the US and 26 Other OECD Countries

The US is set to soon exceed the record ratio of debt to gross domestic product (GDP) reached at the end of World War II, as deficits continue and federal debt grows with few signs of abating. At what point does this problem because so big that the US faces economic limits to issuing debt? In a new AEI Economics Working Paper, Giorgi Bokhua and Mark J. Warshawsky estimate current sustainable debt limits—the lowest level of debt at which a country can no longer service its sovereign debt and must effectively default—for the US and 26 other countries. By updating an older theoretical model, Bokhua and Warshawsky find that gross debt limits are between 136 percent and 234 percent of GDP, while the US in particular has a sustainable gross debt limit of 154 percent of GDP, which they project will be reached by 2034.

More from AEI
RESEARCH AND COMMENTARY

The Biden-Harris Administration Is Running a Relentless Campaign Against American Innovation

Brian J. Miller and Joe Grogan
The Hill

The Kamala Cookbook

Christine Rosen
Commentary

Australia’s Misinformation Police

Roger Pielke Jr.
Honest Broker

A Three-Month Continuing Resolution Is Nothing to Celebrate

Mackenzie Eaglen
AEIdeas

Household Food Insecurity Rises Again. Inflation, Especially for Households Ineligible for Safety-Net Programs, Is to Blame.

Angela Rachidi and Craig Gundersen
COSM Commentary

PODCASTS AND VIDEOS

What Is Going On with Exploding Pagers in Lebanon? Marc Polymeropoulos Explains.

Danielle Pletka, Marc A. Thiessen, and Marc Polymeropoulos
What the Hell Is Going On?

Soft Power and the War in Ukraine

Dalibor Rohac, Iulia Joja, and Joseph Nye
The Eastern Front

What Can the US Learn from England’s Rise in Reading Scores? A Conversation with Former Education Minister Nick Gibb

Robert Pondiscio
AEI event

Trump Disavowed Project 2025. But Harris Still Owns Her Project 2019.

Danielle Pletka and Marc A. Thiessen
What the Hell Is Going On?

Budgeting for 2050: Thinking Strategically About Tax and Fiscal Policy for a Stronger America

James C. Capretta
AEI event

QUOTE OF THE WEEK

Trump and Harris have very different approaches to foreign policy, and will have to overcome very different challenges. Harris will have to prove that she has learned from Biden’s failures as well as his successes. Trump, as always, will have to show that he can turn a legitimate critique of the status quo into policies that make things better, not worse. But whoever wins in November will be tested by crisis from the get-go.

Hal Brands