"The US Should Cut Military Spending in Half" by Benjamin H. Friedman (Cato Institute: Commentary)

"The US Should Cut Military Spending in Half" by Benjamin H. Friedman (Cato Institute: Commentary): "[C]onsider how much we spend on defense relative to both our purported rivals and our past. Our defense budget is almost half the world's, even leaving out nuclear weapons, the wars, veterans, and homeland security. It is also more than we spent at any point during the cold war."

"There are no enemies to justify such spending. Invasion and civil war are unthinkable here. North Korea, Syria, and Iran trouble their citizens and neighbors, but with small economies, shoddy militaries, and a desire to survive, they pose little threat to us. Their combined military spending is one-sixtieth of ours.

Russia and China are incapable of territorial expansion that should pose any worry, unless we put our troops on their borders. China's defense spending is less than one-fifth of ours. We spend more researching and developing new weapons than Russia spends on its military. And with an economy larger than ours, the European Union can protect itself. Our biggest security problem, terrorism, is chiefly an intelligence problem arising from a Muslim civil war. Our military has little to do with it."