$1 Trillion In Defense Cuts: What You Need To Know -- CNN
NEW YORK (CNNMoney) -- The looming spending cuts at the Pentagon played a starring role in Monday night's foreign policy debate. Mitt Romney said several times he would "not cut our military budget by $1 trillion." At issue are changes to defense spending in President Obama's budget, as well as the impending "sequester" that will hit the Pentagon starting on Jan. 2. For his part, Obama said his budget isn't "reducing our military spending -- it is maintaining it." And, he added, the sequester "will not happen."
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My Comment: The cuts are coming, and while I do believe that Romney will probably cut less than Obama .... regardless of who wins, the Pentagon is still going to face smaller budgets for many years to come.