Should we raise the military budget or reduce the military budget AND EXPLAIN your reasons You can use the concepts like scarcity, opportunity cost, government involvement (why not privatize instead of using tax money?), or what would be the macroeconomics impacts (both positive or negative) from the spending?You can give examples to explain your thoughts.Remember that whatever we spend on military, the money could be used for something else (opportunity) including your student loans, welfare, healthcare, other social programs and so on. What are the economic benefits of having a large military.One example is Foreign military sales revenue.We are one of the largest (or the largest) weapons seller in the world.The politics goes hand in hand with economics.After every war we were involved, our weapons were thought after in the world market for good reasons.