This bubble, like all others, will pop, and it looks to be deflating right now. The amounts of money that have been spent in the past decade can only be characterized as obscene. But the point that really matters is this:
Military spending is just part of the bubble.
In addition to the military complex, we have a massive intelligence complex.
Not only that, but we also have a massive law enforcement complex. The Department of Homeland Security has given them at least $34 Billion in the past several years, on top of their take from local taxes, state taxes, fines, seizures, and other Fed money.