Detailed text transcripts for TV channel - FOXNEWS - 2011070

Detailed text transcripts for TV channel - FOXNEWS - 20110708:22:34:00

risk reward. the air force will review the records of more than 9,000 officers, mostly majors. about 400 will be let go. >> the kingest way to reduce the budget for the military is to cut people. because they can be pulled out of the ranks immediately. the savings are immediate. >> retention rate for sailors with one to six years of service rose 10% from 2005 to 2010. the navy is overstaffed in 31 different job categories. debt engine mechanic, avionic technician, electricians and others. >> as the troops return from afghanistan and iraq and as the pressure mounts on the defense budget, we're going to see similar consequences for ground services. >> in october, the army will begin a 22,000-person drawdown, so more draw seekers will enter the labor market and more exmilitary may face unemployment. at the pentagon, jennifer grippe, fogriffin, fox news.

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