The geopolitical implications of COVID-19 are profound in the near term, and will have a ripple effect throughout the U.S. economy and the foundations of U.S. power. It could be more strategically contagious over the longer term if it compels a sharp change in how Americans see their role in the world and adapts its conception of national security. This article presents both the economic and fiscal impact of the pandemic in the United States, as well as the likely consequences for national security investments and the Pentagon’s budget. It offers three potential defense strategies, at three possible spending levels, to examine options for the next administration.

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