No, America does thanks to our continued propping up of NATO (hey, where did that peace dividend go when the wall came down?). Stop sounding like Max Boot, and more like a critical thinking American.
There was a massive peace dividend. We dropped military spending from an 80's peak of 7% of national output, to about 3%. Even in the current 4% range, we are now near post-WWII lows, re defense as a % of national output, and well below the Eisenhower era's low teens number. Not that the media will ever mention this fact: