I remember that somebody once likened military expenditure to buying insurance.
You hope never to use it but when you do, you are damn glad that you have it.
I have several policies. I started with a Life Insurance after a talk by some Insurance Corporation of Singapore representatives during Basic Military Training. This was followed by an Investment Linked Policy when I was 19. Endowment funds followed. And I recently switched to private health insurance to expand my medishield/save coverage and also increase my coverage on critical illness.
Like military expenditure, my objectives were clear. So through good times and bad - Asian Financial Crisis, SARS, bursting of the Tech-Sector bubble, I bought policies not just because I could afford them. Rather, I bought them because I could not afford not to have them. Am I better off now had I not bought them? I don't know. I have difficulty finding insurers who don't mind my medical condition (hypertension). My health and critical care policies come with exclusion and loading respectively.
No matter how the economy is performing, I maintain my policies with regular payments. This is because I expect the policies to provide protection whenever it is needed. Good times or bad.
So if military expenditure is like buying insurance, then why am I not given a bonus when times are bad? Don't I provide protection when times are bad?