Playing Defense: Cutting Military Spending is Politically Unpopular, But More Dollars Don't Make a Better Army (Military‪)‬

UNTIL LAST SUMMER, just about everyone on Wall Street was dismissing the indicators of coming financial collapse. Similarly, no one in the lobbyist-infested halls of Congress and the Pentagon wants to see the signposts of our impending defense meltdown. But consider four ugly facts: * Defense is being showered with more dollars today than at any time since the end of World War II.