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MontanaHatchet said:
Trim down on the massive military budget?

This.

The US spent $636billion on the military in 2009. However that's...

A. One third of the entire world expenditure on military.

B. Double what the EU (the next largest competitor) spent. And seeing as they are all your allies I don't think they pose a threat.

C. 7 times that of China, the next largest individual countries military. Yet again no threat from China as they depend on the US industry.

 

I mean you could cut the militarys vast budget drastically and still be the worlds foremost military power. You would save enough left to make real changes in fields such as science, education, technology and medicine, the benefits of which will ensure future financial security anyway.

 

Off topic - I recently heard that the UK only spends 0.5% on science, considering we want science and technology to be one of our main industries that's a bit odd.