No, that's not what it does at all. It replaces all of our current capabilities. Other than fighters and a few more special forces and infantry soldiers, it doesn't expand them. It also replaces some things that the last government let go of, such as ground based air defense.
Through magic! But no money. What did it say... I'm forgetting. We'll buy new equipment in the distant future? In the fullness of time. At the appropriate moment. Something like that.