FDL: Obama’s Pentagon Strategy: A Leaner, More Efficient Empire

[Luminous Animal]

10. He is reducing the growth of the defense budget primarily with personnel

cuts.

http://www.whitehouse.gov/the-press-office/2012/01/05/remarks-president-defense-strategic-review
Here:
As we look beyond the wars in Iraq and Afghanistan -- and the end of long-term nation-building with large military footprints -- we’ll be able to ensure our security with smaller conventional ground forces.
...

And here:
"Over the next 10 years, the growth in the defense budget will slow, but the fact of the matter is this: It will still grow]/b], because we have global responsibilities that demand our leadership. In fact, the defense budget will still be larger than it was toward the end of the Bush administration. And I firmly believe, and I think the American people understand, that we can keep our military strong and our nation secure with a defense budget that continues to be larger than roughly the next 10 countries combined.