"So just as we must find more savings in domestic programs, we must do the same in defense. And we can do that while still keeping ourselves safe.
Over the last two years, Secretary Bob Gates has courageously taken on wasteful spending, saving $400 billion in current and future spending. I believe we can do that again.
We need to not only eliminate waste and improve efficiency and effectiveness, but we're going to have to conduct a fundamental review of America's missions, capabilities, and our role in a changing world.
I intend to work with Secretary Gates and the Joint Chiefs on this review, and I will make specific decisions about spending after it's complete." President Barack Obama on Defense Spending
Well, all very well and good if the president could get the Department to back deeper cuts and if he could follow his own advice and reconsider our "role in a changing world." To date, the president's commitment to fundamentally "review" our missions and capabilities does not seem promising. We are still fighting two wars in the Middle and Near East (with no end in sight) and he committed us to a third (Libya).