The Pentagon now spends more money than it did confronting the Soviets under Reagan or at the peak of fighting in Vietnam. Yep, those are real inflation-adjusted dollars.
How much does the U.S. spend relative to rest of the world?... The below chart looks at worldwide Defense spending per country in 2011, data is from the Stockholm International Peace Research Institute (SIPRI) who graciously allowed its use.
Where does the money go? Not for active duty military pay:
"...the figures are in constant 2013 dollars for an honest comparison."Where does the money go? Figure it out (or read the links).