The fiscal 2010 defense budget proposal is $533.7 billion, not including $130 billion more for overseas combat operations. Together the total is $663.7 billion--that's a 1.4% increase in total military spending from fiscal 2009. Maybe when one considers inflation this is actually keeping military expenditure at the same level as in 2009.
It was to be expected that military spending would not be cut drastically, and that it could even be increased, in order to stimulate the economy in times of economic crisis. This is one of the main functions of military spending, especially in the US.
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