Sure? I would say that "many people" have concluded the system is a negative due to political propaganda fueled by general feelings of powerlessness, and are now trying to backfill justifications as if this is about anything more than the "culture war".
Your argument would be appropriate if we were debating the amount of spending in the context of other spending, or relative to itself. But in isolation as some heuristic it's "not even wrong". The larger context is this same movement blindly destroying our scientific research institutions also just added $5T of new debt, with a large chunk of that being spent on nothing more than a spectacle of performative cruelty (ICE).
And so I have to ask - do you really want to be making an argument in support of indulging the mob in their desire to see people hurt instead of actually advancing as a species?