The best replacement for defense spending is entitlements.

The best alternatives to defense spending are rated as following:
★★★★★  entitlements
★★★★★  education
★★★★  entitlement spending
★★★★  military spending
★★★  social programs
★★★  entitlement
★★★  foreign aid
★★  health care
★★  welfare
★  education spending
★  welfare spending
★  medicare
  social security

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Google Trends

Scale is based on the average worldwide traffic of defense spending in all years. Click on graph for more.
defense spending
entitlements
education