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RE: United States raised the defence budget to US $700 billion
This is madness!
The only good thing ever came out of the military are the new technologies. Military competition is pushing the development, and we are all using the inventions in daily life. For example GPS, RFID, radars and many more.
But this is really the only thing, we actually use. Like....mobile phones. Something like "smart phones" or their predecessors, were already in use in 1980s by american military
The list of military inventions used today goes way beyond this post.
One link will do the trick today:
The first computer:
https://en.wikipedia.org/wiki/ENIAC