Closed captioning of: Obama reveals plan to cut Pentagon budget
gets his way along with the senior leadership at the
is in for a big change. it will affect all the american suns and daughters who raised their hands to fight our wars. it will affect the wars this country chooses to fight perhaps. it's a design for a new military in the era after the dual wars we have been fighting. it will be the biggest change in decades. we start our reporting with
on duty tonight at the
. jim, good evening.
good evening, brian. for the first time since 911, the
is being forced to tighten its belt. to do it will take wholesale changes in the way the military does business.
came to the
today as commander in chief to unveil his new strategy aimed at cutting the budget. the president acknowledged the new military will be leaner but insisted no less meaner.
is going to maintain our military superiority with
that are agile, flexible and ready for the full range of threats.
a decade of
war in iraq
and afghanistan sapped the military and sent
spending soaring up 71% in the last ten years. a bill
says the nation can no longer afford.
all of this comes at a time when america faces a serious deficit and debt problem here at home, a problem which is itself a
risk that is squeezing both the defense and domestic budgets.
to cut the military's budget will take a major shift in strategy.
wills now focus on deterring a growing threat from china in the asia-
, conduct smaller counter insurgency missions elsewhere, and no longer attempt to fight two major ground wars at the same time.
i'm uneasy about recognizing up front that we are not going to retain that capability. it tells your adversaries, look, they're tied up in a place like korea. it's time for mischief in the
there will also be sacrifice. the
will slash its spending by $489 billion over the next ten year. the army and marines will cut more than 100,000 service members. major weps programs will be cut back or eliminated. for the first time in nearly 20 years
military and retirees will be forced to pay more for
benefits. reaction from
was swift. a release from the house republican-controlled houseded services committee says this is not a strategy for superiority. it is a menu for mediocrity. and so, brian, the
budget balttles begin.