We can best honor those who have given their lives for this nation in combat by making sure our military might is proportional to what America needs.
The United States spends more on our military than do China, Russia, Britain, France, Japan, and Germany put together.
With the withdrawal of troops from Afghanistan, the cost of fighting wars is projected to drop -- but the "base" defense budget (the annual cost of paying troops and buying planes, ships, and tanks -- not including the costs of actually fighting wars) is scheduled to rise. The base budget is already about 25 percent higher than it was a decade ago, adjusted for inflation.
One big reason: It's almost impossible to terminate large defense contracts. Defense contractors have cultivated sponsors on Capitol Hill and located their plants and facilities in politically important congressional districts. Lockheed Martin, Raytheon, and others have made spending on national defense into America's biggest jobs program.
So we keep spending billions on Cold War weapons systems like nuclear attack submarines, aircraft carriers, and manned combat fighters that pump up the bottom lines of defense contractors but have nothing to do with 21st-century combat.
For example, the Pentagon says it wants to buy fewer F-35 joint strike fighter planes than had been planned - the single-engine fighter has been plagued by cost overruns and technical glitches - but the contractors and their friends on Capitol Hill promise a fight.
The absence of a budget deal on Capitol Hill is supposed to trigger an automatic across-the-board ten-year cut in the defense budget of nearly $500 billion, starting January.
But Republicans have vowed to restore the cuts. The House Republican budget cuts everything else -- yet brings defense spending back up. Mitt Romney's proposed budget does the same.
Yet even if the scheduled cuts occur, the Pentagon is still projected to spend over $2.7 trillion over the next ten years.
At the very least, hundreds of billions could be saved without jeopardizing the nation's security by ending weapons systems designed for an age of conventional warfare. We should shrink the F-35 fleet of stealth fighters. Cut the number of deployed strategic nuclear weapons, ballistic missile submarines and intercontinental ballistic missiles. And take a cleaver to the Navy and Air Force budgets. (Most of the action is with the Army, Marines and Special Forces.)
At a time when Medicare, Medicaid, and non-defense discretionary spending (including most programs for the poor, as well as infrastructure and basic R&D) are in serious jeopardy, Obama and the Democrats should be calling for even more defense cuts.
A reasonable and rational defense budget would be a fitting memorial to those who have given their lives so we may remain free.
ROBERT B. REICH, Chancellor's Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the last century. He has written thirteen books, including the best sellers "Aftershock" and "The Work of Nations." His latest is an e-book, "Beyond Outrage." He is also a founding editor of the American Prospect magazine and chairman of Common Cause.