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The Fiscal Year 2013 defense budget promises to slash $43 billion, leaving $662 billion to equip the world’s largest economic and strongest military power. Normally, cutting the defense budget could be justified considering America’s financial stress, if it were peacetime, and if the threats were relatively few and non-taxing.

We’ve all seen the statistic – “America spends more on defense than the next ten largest military budgets combined.” While true, the pre-eminent superpower checks in on defense spending at a meager 4.7% of GDP in 2010, ranking tenth overall.

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