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Well, it does make a huge difference whether your military spending is optimized towards getting the most bang for the buck... or towards getting the most profit for the suppliers.

Dollars don't shoot. Military power isn't directly measurable in money. It depends very much on how it's spent.

I think the question there is who is "we"? Not that I disagree with your point. Nobody will want to make treaties with a country that does not keep its agreements. But that is a basic problem already with the USA - any promise that a Republican administration makes, a Democrat one will feel...