Budget? Yes.
Capabilities? Not even close.
The US budget is how many times that of the Taliban? How did that turn out?
Our enlisted army is basically made up of people who didn't feel like delivering pizzas, flipping burgers, or driving an Uber any longer. Overweight, lazy, uneducated, unmotivated, and soft. Just think of the people in your high school class that enlisted in the Army. Were they the members of the National Honor Society or the guys sitting outside the principal's office waiting for their next detention? The ones who were on the athletic field representing their school or the ones standing on the corner smoking a cigarette because they are just "so cool?" Way too many of them are looking for a quick payout from Uncle Sam for "disabilities" they received after two years of service sitting in the motor pool looking at their phones.
Money and technology can only get us so far. Men with the willingness to endure hardships and do bad things to people are needed. The US just doesn't have enough of them anymore. Look at the technological advantage we had in Iraq and Afghanistan. We just steamrolled right over them, didn't we? Twenty years in Afghanistan and we still got chased out with our tails between our legs like Vietnam.
I served my time, patrolled the $hitholes of Iraq in an infantry company, and know as well as anyone here what our capabilities are. We might fight to a stalemate with Russia. China? I don't even want to think about it. Our best play is to avoid a war with either of them at all costs.