We could also get rid of the Air Force, Space Force, etc.

The only constitutional federal military is the Army and Navy! (Article 1, Section 8)

Or just recognize that it was created because of a long history of severe painful crises, and considered the 'least bad' option compared to JP Morgan having to bail out the US Economy (and hence wielding incredible power). [https://www.crf-usa.org/images/pdf/jpmorgan.pdf]

The devil you know, or the devil you don't.