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>> the pentagon did not talk numbers but has been tasked with cutting at least $487 billion from the budget. the focus will shift to asia, air power, the u.s. will no longer attempt to fight two land wars simultaneously and the army will get smaller. >> we have to remember the lessons of history. we cannot afford to repeat the mistakes that have been made in the past after world war ii, after vietnam, when our military was left ill prepared for the future. as commander in chief i will not let that happen again. not on my watch. >> shrinking the army and trying to fight from the air and sea has...

Of doing business and to build a modern force for the 21st century, that can win today's wars and successfully confront any enemy and respond to any threat and any challenge of the future. our responsibility, my responsibility as secretary of defense, is to protect the nation's security and to keep america safe. with this joint force i am confident that we can effectively defend the united states of america. thank you. been watching secretary of defense leon panetta talking about a new military strategy he and president obama outlining this essentially saying that this is required $487 billi...

To be dealt with, proliferation of lethal weapons and materials, the destabilizing behavior of nations like iran and north korea. the rise of new powers across asia and the dramatic changes that we have seen unfold in the middle east. all of this comes at a time when america confronts a very serious deficit and debt problem at home, a problem which itself is a national security risk that is squeezing both the defense and domestic budgets. even as we face these considerable pressure, including the requirement of the budget control act to reduce defense spending by $487 billion over ten years, i...

>> the pentagon did not talk numbers but has been tasked with cutting at least $487 billion from the budget. the focus will shift to asia, air power, the u.s. will no longer attempt to fight two land wars simultaneously and the army will get smaller. >> we have to remember the lessons of history. we cannot afford to repeat the mistakes that have been made in the past after world war ii, after vietnam, when our military was left ill prepared for the future. as commander in chief i will not let that happen again. not on my watch. >> shrinking the army and trying to fight from the air and sea has...

The destabilizing behavior of nations like iran and north korea. the rise of new powers across asia and the dramatic changes that we have seen unfold in the middle east. all of this comes at a time when america confronts a very serious deficit and debt problem at home, a problem which itself is a national security risk that is squeezing both the defense and domestic budgets. even as we face these considerable pressure, including the requirement of the budget control act to reduce defense spending by $487 billion over ten years, i do not believe, and i've said this before that we have to choose...