Without the naval treaties, would the United States have funded an arms race with Britain?
Short answerProbably not a large quantitative race, but it might have funded a slower qualitative competition built around a few increasingly capable ships.
NotesCongress probably would not have financed a large numerical race because it often failed to fund even the ships permitted under the treaty system. A qualitative competition is more plausible. The United States might have built a small number of increasingly capable "new standards" while Britain continued its own program. That pattern would differ from the pre-1914 Anglo-German competition in fleet numbers.