Is Trump right to say that the US military should be funded even more than it is now ?

The US military already has more financial means than the next 9 countries combined (and most of them are US allies). So is it worth investing money for this instead of other issues ?

SOTU extract :

"As we rebuild America's strength and confidence at home, we are also restoring our strength and standing abroad. Around the world, we face rogue regimes, terrorist groups, and rivals like China and Russia that challenge our interests, our economy, and our values. In confronting these horrible dangers, we know that weakness is the surest path to conflict, and unmatched power is the surest means of our defense. For this reason, I am asking the Congress to end the dangerous defense sequester and fully fund our great military."