Excerpt:Â Â As the leader of the free world, the United States has a responsibility to lead. This has been our reality as a nation since the 1940s. As such, we need a well-funded military. Today, however, our military forces are desperately in need of recapitalization and modernization. We have been on a "procurement holiday" since the end of the Cold War, and catching up will be expensive. During the 1980s, the active duty Army had 18 combat divisions. Since 1994, there have been only ten. In that same time, the number of tactical air wings in the Air Force has fallen from 37 to 20; and the Navy has been reduced from 600 ships to less than 300 today.