The US spends more on defense than the next several countries combined and maintains forces and commitments worldwide. Debate covers the total level, how it is allocated across capabilities, and how effectively it is managed.
Defense is the largest category of annual discretionary spending. Personnel, operations and maintenance, procurement, and research each consume large shares, and personnel and health costs grow independent of force size.
The department has not been able to complete a clean financial audit, which complicates any assessment of efficiency. Major acquisition programs have a long record of cost growth and schedule delay.
Strategic debate has shifted toward deterring peer competitors, which implies different investments than the counterinsurgency posture of the preceding two decades. Which capabilities that requires is genuinely disputed among defense analysts.