Michael Young and "beating your wife."
Is that all? What about the third alternative of having the U.S. government stay out entirely? As more Americans than ever support withdrawal from the Iraq quagmire (thus implicitly rejecting both of Young's alternatives), this possibility seems, at least, worth mentioning. For more background, Young might want to have a chat with his colleague at Reason and Hit and Run, Jesse Walker.
P.S. Another problem with Young's two-sided approach is that it is unrealistic. American politicians and bureaucrats often trump all other considerations because of ever-shifting and unpredictable motivations such as poll ratings, partisanship, career advancement, and government contracts.