“In spite of claims that the US is currently engaging in ‘historic’ cuts, today’s anemic military reductions have a long way to go to match the military reductions put in place by Dwight Eisenhower during his administration. If any president today attempted anything similar to what Eisenhower attempted, he would be immediately denounced as a terrorist and collaborator. And, naturally, we have every reason to believe that, regardless of who the president is, military spending will spike again the next time a president mobilizes for a new war, whether it’s in Ukraine, Syria, or some other exotic location where we will be assured that the absolutely vital interests of the US are in grave danger.”
https://mises.org/library/no-military-has-not-withered-away-under-obama