We not only spend more than anyone else, we spend more than everyone else. Globalsecurity.org reports that in 2004, the United States
lavished $623 billion on the military. All the other governments on
Earth together managed only $500 billion. Even this gap understates our
dominance, because most of the other top spenders are U.S. allies.
No
nation can dream of challenging us in the air or at sea. We have a huge
nuclear arsenal capable of inflicting mass annihilation on a moment's
notice.
Meanwhile, the demands on our military are easing rather
than growing. Under the agreement Bush signed with the Iraqi
government, which Obama has reaffirmed, we are supposed to be out of
Iraq by the end of 2011. The threat from al-Qaida has been greatly
reduced.
The Myth of Democratic Defense Cuts
"Since the increase the Pentagon got is less than it wanted, [conservative's] claim
Obama is "cutting" defense spending. By that logic, if you ask for a 50
percent raise and get only 10 percent, you've suffered a pay cut."