During his 1961 farewell address, President Dwight D. Eisenhower famously warned the American people that one of the greatest threats to freedom came not from enemies abroad but from "the conjunction of an immense military establishment and a large arms industry," which over time would lose sight of defending the United States and become devoted only to its own perpetuation. Today, writes Contributing Editor Veronique de Rugy, we are living Ike's nightmare. Defense spending is not just one of the most sacrosanct parts of the budget but also one of the largest and most inscrutable. Adjusting for inflation, military spending has grown for an unprecedented 13 consecutive years and is now higher than at any time since World War II.
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