Nightly News   |  January 05, 2012

Shrinking U.S. military may pose security risks

Retired Army Col. Jack Jacobs joins Brian Williams with his analysis of President Obama’s plan to cut the Pentagon’s budget.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> with us here in new york, retired army colonel jack jacobs , a recipient of the medal of honor and combat veteran of the vietnam war . we have been to the battlefields in both dual wars over seas. we have seen the build-up of the military complex, but what does this now mean for the future?

>> it means we're going to have to do what we need to do to defend this very large country with far fewer people. if you want to save money, you can save money by cancelling programs but you're going to save money only in the future. you want to save money today, you have to make the army in particular much smaller. we were about ready to have an army that's smaller than the army was in vietnam when i was fighting there. i'm not convinced we can do what we need to do with that small an army.

>> what about the reserve?

>> we'll call on them again. despite what we want to do -- and that is keep the guard and reserve so they don't have to make constant trips over the ocean, we're going to continue to call them because we won't have enough people on active duty to take care of the little spots we have to take care of in the future.

>> colonel jack jacobs , thank you.