It is significant news that two of Washington's major think tanks are now writing reports about the inevitable, additional reductions in the defense budget--to come after the elections. However, it is sad news news that both of them actually propose less than they would have you think.
It is also predictable, and sad, that most decision makers currently in Washington will eagerly follow their advice and opt for the cosmetic.
Some of this is not a matter of opinion but stems from the data in the reports, but I also make my opinions obvious in the commentary that follows about new reports from the Center for a New American Strategy and the Center for Strategic and International Studies. Find the commentary at Time's Battleland blog, titled: Think-Tanked: Old Wine in Dark Bottles.