W(h)ither the 800 pound gorilla?

I can't help but noting that in all this talk of out-of-control budget deficits and cutting wasteful spending, I have not heard nor read a single person mention the defense budget which is what? Half of all spending, much of which is total fucking waste and corruption.

Sure, the old Soviet Union went bankrupt and collapsed, partially due to the devotion of too many resources to military spending. But that can't happen to us now, can it? We're different. Exceptional, you might say. And our imaginary enemies might develop awesome capabilities for which we must be prepared, no matter the cost. Of course if they want to just buy us, that's a different matter. Rope is selling cheap these days.