Obama Announces Big Pentagon Cuts

    US President Barack Obama, flanked by military officials, speaks about the Defense Strategic Review, outlining Defense budget priorities and cuts, during a press briefing at the Pentagon in Washington, DC, January 5, 2012. Standing alongside Obama is Secretary of Defense Leon Panetta (L) Chief of Staff of the Army General Raymond Odierno; Commandant of the marine Corps General James Amos and Chairman of the Joint Chiefs of Staff General Martin Dempsey. Obama unveiled a strategy on Thursday for a leaner US military focused on countering China's rising power while signaling a shift away from large ground wars against insurgents.
The plan calls for preparing for possible challenges from Iran and China with air and naval power while downplaying any future massive counter-insurgency campaigns like those in Iraq and Afghanistan. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

    Saul Leob / Getty Images

    Defense Secretary Leon Panetta and President Obama announced the new military budget Thursday that cuts troops by 10 to 15 percent. Part of the $450 billion in cuts also includes the delay of the F-35 Joint Strike Fighter jet, one of the most expensive weapons programs in history. One area that won't be cut, however, is the aircraft-carrier fleet. In a rare trip to the Pentagon briefing room, Obama insisted the U.S. will maintain its "military superiority" with fighting forces. The new military strategy will refocus on the Asia-Pacific region and less on the two wars that have dominated national security since Sept. 11.

    Read it at Associated Press