You Get What You Pay For

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Charles Krauthammer has it right: the number one take-away from Osama bin Laden’s killing is the “reach, power and efficiency” of the American military. The reach is global, the power is both immense and immensely precise (President Obama was able to reject the bomb-it-to-smithereens option on Osama bin Laden’s compound in favor of the special operations raid), and the application of force produced exactly the outcome intended. Even more than its efficiency, the effectiveness of this very complex operation was astonishing; many television commentators tellingly contrasted it to Operation Eagle Claw, the ill-fated Iran hostage rescue attempt.

Reach, power, and effectiveness come with a price tag, however. At $700 billion per year when the costs of wartime operations are factored in, it’s not cheap. But at less than 5 percent of gross domestic product, it’s more than affordable and at a relatively low level by recent historical standards. Over five decades, Cold War annual budgets averaged half again as much. And when measured by the other costs to American society, such as the fact that the active duty force totals about one-half of one percent of the population, the U.S. military is a bargain that cannot be beat.

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