The US Air Force (USAF) already has an incredible lineup of aircraft since its expansion during World War II, from the classic A-10 Warthog to the high-tech F-35 Lightning II.

But with all this firepower, there’s a big question hanging over it: is the fleet still up to date for today’s warfare, especially with China rising as a major military power?

Air Force Secretary Frank Kendall is pushing hard for modernization, but with a defense budget nearing $900 billion, people are starting to wonder if we’re spending smartly or just chasing the latest tech.

This raises a tough debate: should we continue to retire older aircraft and invest in new systems, or is there a better, more efficient way to use our defense dollars? Here’s our take on the matter.

The Cost of Modernization vs. Current Spending

Uncle Sam spends more on defense than anyone else—by a long shot. In fact, it’s nearly three times what China spends and more than ten times what Russia puts down.

According to the latest data by Statista, China spends less than $300 billion per year, while Russia funnels over $100 billion for their respective military spending. That’s about a third and less than one-tenth of the US total, respectively.

With a $900 billion defense budget for 2024, people are starting to wonder if we’re about to break the trillion-dollar mark. And for those already worried about the federal deficit, it begs the question: how much is too much?

With all this money flowing into defense, do we really need to keep upgrading the Air Force fleet, or are these calls for modernization a bit exaggerated? Our two cents: maybe a smarter, more strategic approach to spending could keep us just as ready for the future.