I agree with Casey. A million dollars can buy 2 or 3 air-to-airs, maybe, or a whole lot of food and/or necessities to distribute to locals. This, IMO, goes more towards protecting long-term US interests than beefing up the military. (I want to add that, personally, I am all for a strong defense. I think well-equipped and well-trained soldiers are very important).
However, the huge slash in State's budget is a bad mistake. The vacuum of influence left overseas can gladly be filled by those working against US interests. They will happily win the hearts, minds, and trigger fingers of a portion of the next generation.
I also wanted to add that the games Trump seems to be playing with NATO are harmful, too. The NATO countries, excluding Turkey these days, are our closest allies in the world, aren't they? The idea that the US would exit from the group is very bad. I may be wrong, but isn't membership in NATO one of the cornerstones of our overall defense strategy? Wouldn't the logistics of dismantling of our relationship with NATO be complex and expensive? I'm sure contingency plans are sitting somewhere in the Pentagon, but implementing them would be a nightmare. Trump shouldn't even be hinting that the U.S. might exit the group.