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In an effort to organize my own thoughts on the killing of Osama bin Laden, I find myself returning over and over again to Peter Beinart's take on the terror mastermind's demise:

President Obama now has his best chance since taking office to acknowledge some simple, long-overdue truths. Terrorism does not represent the greatest threat to American security; debt does, and our anti-terror efforts are exacerbating the problem. We do not face, as we did in the 1930s, a totalitarian foe with global ideological appeal. We face competitors who, in varying ways, have imported aspects of our democratic capitalist ideology, and are beating us at our own game.

Bin Laden was a monster and a distraction. It is good that he is dead, partly because the bereaved deserve justice, but also because his shadow kept us from seeing clearly the larger challenges we face. The war on terror is over; Al Qaeda lost. Now for the really hard stuff; letâ??s hope we havenâ??t deferred it too long.

The competitor Beinart alludes to, I'm assuming, is China, and I can't help but wonder if bin Laden's death marks the end of an epoch in American foreign policy. Terrorism obviously isn't going anywhere; it existed prior to 9/11, and it will continue to exist long after. The so-called Global War on Terrorism was less a global understanding than a kind of framework for How The World Works According to Washington. The American military has been and will for the foreseeable future remain the preeminent power on earth, but to justify and rationalize that hegemony there must be rules; a kind of flowchart or S.O.P. to help the Beltway make sense of American power.

The War on Terrorism provided Washington's pundits and policymakers with a handy paradigm, much as the Cold War did throughout the latter half of the 20th Century. Will this change? Will a symbolic death lead to a more substantive reappraisal of American policy? Keep in mind that bin Laden's arguably symbolic termination precedes an actual drawdown of American troops from Afghanistan later this year. So while the generals - and the bloggers, and the pundits, and the pols and the wonks - continue to fight and feud over the last war - will we employ 'COIN' or 'Offshore Balancing' in our next indefinite military campaign? - I can't help but think that the American public has already moved on.

And who can possibly blame them? My own gripe with the War on Terrorism, specifically the Afghan mission, was the apparent indefiniteness of the mission. In a decade full of 'surges' and small accomplishments, rarely has there been as decisive and certain an action as bin Laden's killing. This man attacked us, and now he's dead. Seems simple enough.

That's why I can understand last night's displays of revelry and pure emotion in Washington, New York and elsewhere. After nearly ten years of color codes, TSA molestations and frequent condescension from the intelligentsia, the American people finally got a cut and dry result - a mission truly accomplished.

But where to from here for American foreign policy? For all the shortcomings and confusion that came with the GWOT, it was, at the very least, a doctrine premised on national defense. But if, getting back to Beinart's point, the War on Terror is to be replaced by a doctrine of counter-declinism, deficit hawkishness and Chinese containment, then I fear we may be headed toward an even uglier foreign policy paradigm.

China has gradually crept onto the American radar screen, and Beijing, for its own part, has been a busy bee.

With bin Laden now dead, and U.S. withdrawal (kind of) underway in the Near East, is China the next in line to consume America's imagination and energy? And will Washington follow? What happens, in other words, when one distracted giant finally opens its eyes, only to find another right in front of it?

Update: Evan Osnos gives a rather appropriate take on Chinese reactions to bin Laden's killing.

(AP Photo)