Sure, EU combined already spends three times as much as Russia in "showing strength". I'm sure there must be a way to use what we have without tripling the expense. If nothing, because showing that we need 10 times their military expense to keep up with them would only show that we are in fact weaker.
Unless the goal of rearmament is only to make a few weapon manufacturers richer, then I'd say we've found the most efficient way to do it.