Military budget of the United States - Wikipedia, the free encyclopedia
While the link above is not authoritative, it is a good collection of verifiable data. It shows that defense spending hasn't gone down, just the number of people in uniform. We spend a ton on "contractors" who perform duties that used to be handled by men/women in uniform. Privatization has caused us to get less for more. There's also the propensity to pay for advanced weapons when there is no real threat. Defense spending is completely out of control. Even Gates couldn't tame it.
The US accounts for 42.8% of all of the defense spending in the entire world. On what basis do we rationalize that?
List of countries by military expenditures - Wikipedia, the free encyclopedia
If we just cut that to 33% of the world total, we wouldn't have no stinking deficit.