The US spends most of its defense budget on:
* training, civilian salaries (where most veterans find jobs)
* maintenance of existing "toys" (aka money injected into local manufacturing, cleaning, painting, etc)
* Enlisted pay, benefits, housing
Then we get to procurement and R&D (which is just guaranteeing a job to people who finish college)
The whole active navy and world policing is just a side benefit.
https://www.pgpf.org/article/budget-explainer-national-defen...