Has the world gone mad?

I read today that 1.54 billion pounds is spent EVERY DAY on buying weapons around the world. Is it just me, or do others find this obscene? More is being spent on weapons now than at the peak of the Cold War, and it is 15 times more than what is spent on international aid. Just think what a difference we could make, is that money was spent on tackling problems such as poverty or AIDS, or investing it into education, or health care. When will people wake up, and see the madness of it all?!