Here's his first five with a brief explanation:
The National DebtHis last five include North Korean nukes and terrorism. He doesn't mention Iran's pursuit of nuclear weapons and the consequences that will entail, but he does discuss regional conflict in the Middle East between Iran and Saudi Arabia. You can read more about what Tracinski says about all of this at the link.
Above everything else there is the specter of the national debt and the unsustainable long-term cost of middle-class entitlements.
Our entire political status quo, in terms of the balance between free markets and the welfare state, is financed with massive amounts of debt, and at some point we won’t be able to keep borrowing our way out of the problem. There will be a reckoning, and when it comes it will be all the more traumatic because we have put it off so long.
The Wreckage of Obamacare
I have recently encountered a number of businesses and non-profit organizations that are reeling from the effects of rising health insurance costs, which are forcing them to raise their prices or lay off workers. Obamacare upended the entire health system on the promise that it was going to solve this problem. Instead, it made it worse. Health-care costs are spiraling out of control because of a program that didn’t work but that nobody can manage to get rid of.
Slow Growth
No wonder this is an era of slow economic growth. America’s post-World War II growth averaged between 2 and 3 percent. For the past 15 years, it has been under 1 percent. This is a crisis because slow growth breeds stagnation and hopelessness. A return to 4 percent growth, or more, would provide a vibrant economy full of opportunities and allow us to grow our way out of our massive debt. But it would take radical change to get us there.
The Revival of Fascism and Communism
If these crises are going to force us to seek out new political solutions, what are we being offered? Some who claim to be on the Right, if only the “alt-right,” are trying to revive white nationalism and fascism, both in our own back yards and in Europe. Just to keep the horror balanced, some on the Left are attempting to revive Communism under the banner of a violent, intolerant “anti-fascism.”
Campus Totalitarianism
All of this starts in the very institution that ought to be stamping out intolerance and authoritarianism: higher education. Instead, universities are leading the way toward a regime of totalitarian groupthink led by fanatical student mobs.
He concludes his column with these words:
...we could and probably will find ourselves someday facing difficult and costly wars and violent internal conflict while mired in a debt crisis that we’re not able to grow our way out of. If all of these crises do not hit at once, at least some of them will. When that happens, what are we going to need above all else? We’re going to need to draw upon and reinforce the values and norms that make it possible to solve these problems, and to keep from killing each other in the process....
Above all, we need to focus on the importance of ideas, values, and norms as bulwarks against the forces that are about to drive us to chaos. When the chips are really down—and it can get far, far worse from here—it might not be much of a comfort to know that the grandstanding creep in the Senate (or the White House) has your party’s initial after his name....