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At least 16 US military aircraft have been lost since the start of the war with Iran
(www.bloomberg.com)
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Sure, take your pick. I like the school comparison because it's easier to visualize. But you're right, spending at the federal level would be more distributed across all programs.
There is so much money that I believe all things could be done. But in a very real way this money is an illusion. Never meant to be gathered for, or spent on anything, except a few citizens.
If for some reason the defense industry was shut down today, there would be a new scam tomorrow to replace it; except maybe at a lower level of spending .