More Defense Cuts Are Coming

President Barack Obama briefs the press on a new defense strategy as Defense Secretary Leon E. Panetta and Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, prepare to offer remarks at the Pentagon, Jan. 5, 2012. Deputy Defense Secretary Ashton B. Carter, members of the Joint Chiefs and service secretaries participated in the briefing. DOD photo by Erin A. Kirk-Cuomo

Defense Cuts Could Be Only The Beginning -- Todd Harrison, CNN

(CNN) -- President Obama unveiled the Pentagon's new defense strategy last week, calling it a moment to "turn the page" on the past decade of wars in Iraq and Afghanistan. The new strategy places a greater emphasis on Asia and reduces ground forces in favor of air and sea forces. It accepts greater risks in some areas -- most notably in abandoning the policy that the United States must be able to fight two major, protracted ground wars at once. The Pentagon argues that a two-war construct does not do justice to the complexity of the current threat environment. It has to be able to adapt to a wide, complex array of global threats rather than prepare for an arbitrary number of simultaneous wars.

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My Comment: I concur .... we have seen nothing yet. But even with all of these cuts, the US budget deficit (because of entitlements) will still run north of $1 trillion .... a situation that will all but guarantee even deeper cuts in the future.