The DoD needs a kick in the opposite direction.
Make the Pentagon finally pass an audit. Cut its funding. It is clear the profligacy is incentivizing bad decisions - the new normal in the Strait of Hormuz being only the latest.
It's clearly too much of a toy and too much capability for the past few decades of both civilian and military administration. An entire generation only knows the United States military as an institution of blunder, excess and failure.
After cleaning house, the United States should also bring back the draft. More social spending should be paired with more public service. It will be harder to start wars of choice and treat veterans like beggars when everyone's kids will have to sacrifice. This will not degrade capability, as many of the most capable militaries in the world have a draft - notably Israel. Making people from Iowa and New York serve together would be good for a dangerously fracturing country. The "volunteer professional" military was created to get around opposition to Vietnam. It's a disgrace.
I couldn't agree more on the draft. Draft and making congress actually declare wars would be a huge improvement.
Concerns over the DoD failing audits are silly and uninformed. The reality is that they only started publishing full financial reports in FY2018 and are legally required to pass an audit in FY2028. The department is full of complex legacy systems and it's going to take years to modernize those no matter what.
https://www.dodig.mil/DoW-Financial-Statement-Audit-Explaine...
In the meantime, cutting funding accomplishes nothing and only punishes troops who can't do anything to fix the core problems. Despite the enormous budget the DoD is actually underfunded for their assigned missions. This is causing escalating failures and reducing readiness. The only solution is to scale back the missions, and that can only be done by Congress and the President. This is fundamentally a political issue so vote accordingly.
The notion of bringing back the draft is stupid. Most US senior military leaders don't even want conscripts: they're generally unmotivated, cause morale problems, and don't stick around. For an offensive expeditionary force they're worse than useless. Comparisons to Israel are irrelevant because they operate a territorial defense force which isn't expected to conduct sustained power projection far beyond their own borders. And it the new era of autonomous systems there's little need for mass armies anyway.
Veterans are hardly treated like beggars. Those who complete a full 20+ years of service (or are medically retired) receive a solid pension and medical benefits. While there are some flaws in the military retirement and disability system, and occasionally veterans don't get the services they deserve, it generally works pretty well for such a huge system.