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When you have exorbitant privilege you tend to use it.
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A better term might be "abuse" rather than "use." Some people do, some people don't, and it says a lot about their character.
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the pilots need to fly <N> hours to keep their pilot rating anyways.

So aside from the slightly elevated risk to the civilian observers, and the occasional risk due to maneuvers (I think they doing something particularly showy in this case?), the extra cost to the taxpayer do this is ~nil.

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US military airshows make a point to use combat ready aircraft. F-22s flew over SF during fleet week.
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Yeah it's lame but it's a rounding error compared to the amount wasted on foreign military adventures.
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