I would rather the military be less capable, because its current capability is being used for offensive, not defensive purposes.

If it's less capable, it's less likely to get embroiled in stupid imperialistic adventures.

Edit: I don't understand why so many people are, at the same time, so enthused by the idea of starving government (Because they think most of its services are a waste of money), while at the same time, insisting on spending more on the military than the rest of the world combined.