Courtesy of Gregg Easterbrook:
This year, the United States will spend at least $700 billion on defense and security. Adjusting for inflation, that's more than America has spent on defense in any year since World War II -- more than during the Korean war, the Vietnam war, or the Reagan military buildup. Much of that enormous sum results from spending increases under presidents George W. Bush and Barack Obama. Since 2001, military and security expenditures have soared by 119 percent.