Originally Posted by rainforests1
I'm assuming they're referring to US history rather than world history, correct?
Probably world history.
We're rich, if you haven't noticed. Consider this (and think about it): Would you rather be a wealthy Roman senator or a poor person in the current US? The poor in the US are unlikely to starve, will probably have central heat in the winter, access to healthcare (even if it's only in the ER under a fake name), and many other benefits.
Even compared to 50 years ago, the average American is much more wealthy. Look at how much crap we collect.
With inflation adjusted dollars, in WWII, we were earning about half of what we do today, on average.
And our wars were cheaper. Dumb bombs are cheap. Smart bombs aren't. Now, if we just went back to indiscriminately carpet bombing cities, we'd probably make things a lot cheaper, and heck, we'd probably win the war (if for no other reason than that sooner or later, the other side is going to run out of people to fight), but obviously the abuse of human rights makes that abhorrent.
So when you combine America being a wealthy country, the largest economy ever in history, and the fact that we're more or less providing defense for around half the globe, yes, our military spending approaches high levels.