Many Israelis will say that the hostage release deal under discussion is sad but necessary—that it is the government’s moral obligation to free as many hostages as possible, as soon as possible, despite the high price, and that the suffering of our hostages and their families is intolerable on the personal and national levels.

Many will say that giving freed hostages a national hug will be the greatest triumph of all—something so necessary for Israel’s collective spirit and its resilience over the long term.

Many Israelis might feel this to be so even if the deal entails a near-total withdrawal of the Israel Defense Forces from the Gaza Strip. In other words, even if Hamas retains power and survives to fight another day.

However one finesses the diplomatic and defense dilemmas here, there is one additional grand security calculus that seems absent from public discourse: the piercingly high price of releasing many Palestinian terrorists from Israeli jails which will be part of any deal.

The released terrorists assuredly will strike again with God-only-knows how many Israeli casualties in the future. Their release certainly will incentivize future kidnappings, pour gasoline onto the terrorist fires already raging in Judea and Samaria, and…