Oh, absolutely. I think there's a lot of waste all over our government, not just the military -- just like there is a lot of waste in private enterprises. Our government could almost certainly provide more value to Americans for substantially less tax revenue. To narrow this to the military, Americans (and American interests) could be made even more secure for less total cost.
Slashing budget at the top is what I have a problem with. It's wishful thinking for how we'd like things to end up, without a plan to get there.
Sure, but, those two anecdotes have a long way to go to suggest that both companies are any less wasteful over the long haul. Layoffs are the norm for these kinds of corporations. Remember, though, that the same dysfunctional managers responsible for accumulating all that dead weight are generally spared from layoffs. So what happens after the investors and executives make out like bandits from the drastic bottom line impact? The company promptly resumes course right back to where it started. And Fortune 500 companies have so much inertia behind them, as well as so much leverage at their disposal to thwart thriftier competition, that they really don't have get serious about eliminating waste in order to survive.
If we project our government's "return on tax investment" over the span of the next, say, three decades, I think we'd find that slashing budgets would not bring about the long-term improvements we'd hope for. And in the short term, they'd run the real risk of jeopardizing the crucial infrastructure that Americans depend on.
Libertarian ideals have merit; they are an important part of the landscape of our political theory. But a lot of libertarians (especially on the internet) have an Achilles heel. They often see a kind of intellectual elegance in being able to settle difficult policy matters by reusing the same small set of simple foundational premises. However, they're usually high on their own supply, and the rest of us see it for what it is: oversimplification. Libertarians are like any other radical movement; they love to bet on those radical ideas when they feel safe from any consequences. The trouble is that other Americans wouldn't be.