We are trillions in the whole but the Military in general and the Navy specifically has not much to do with it. On a national level we no doubt waste far more money on federally subsidizing liberal arts ‘education’ than we do on procurement and maintenance of the fleet.
Well, something have to give, and with the taods we have in power now, it’s going to be the military.
Don’t like it, but until 2010, not much I can do.