It is only the fourth day of the new year and I suspect we are at the beginning of what will be a mini-boom in articles on the future of American power. As you can imagine, the picture painted by most does not look bright. The United States is overspent and overstretched. Domestically, policymakers cannot seem to get anything done, and they seem particularly paralyzed when it comes to making difficult decisions necessary for immigration or tax reform. To be fair, despite the presence of “decline” in their article titles, Paul Kennedy in the New Republic and Gideon Rachman in Foreign Policy are really talking about relative power; a return to a more “normal” time when the United States, though still very powerful, must confront real limits to its own resources and the rise of new powers, China in particular.