One interesting note is that the document actually has a definition of terrorism: "premeditated, politically motivated violence perpetrated against innocents." Seems like a reasonable definition, and I'm glad to see it defined in writing so we can use it against Bush, since it seems to apply to much of what the rest of the document says the US is going to do.
Another point the document makes is that the US seems intent on being the world's policeman, and is willing to out-arms-race any potential challenger. Here's a key section:
It is time to reaffirm the essential role of American military strength. We must build and maintain our defenses beyond challenge. Our military's highest priority is to defend the United States. To do so effectively, our military must: