Even as events in Iraq, Syria, and Ukraine have captured the attention of U.S. foreign policy elites, the United States faces key questions about its military position in Asia. In the face of growing Chinese power, can the United States continue to provide a credible deterrent in Asia without either bankrupting itself or pursuing risky strategies that raise new questions about crisis stability? While other security issues remain important, none with have a more fundamental effect on the U.S. military budget or the way the United States does business overseas.