Do we need to maintain the current level of spending on defense?

I asked this question in The Wisdom of the Crowd - Do we need to maintain the current level of spending on defense?

45% of those who voted said that we can reduce the defense spending and still have a credible defense force.

41% said that we should reduce the defense spending and use the saving for healthcare, elderly and needy.

This makes a total of 86% in favor of reducing the defense spending.

The remaining 14% said that the defense spending should be maintained or increased.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=523