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>> i think we're going to see a flat year, maybe a dip by the end of the year. it's tough to tell what interest rates are going to do, but if they stay at 4.25 and a $490,000 median home price, that with the down payment you have to have, and income to debt ratio of 33%, people with graduate degrees are hit double also by student loan debt and repayment. >> give me a comparison, from back in my day, many years ago, you had to have 20% down, you had to have proof of a good job with solid income. and you had to -- back in my day, a credit score didn't count. but these days you have to have a goo...

Can't see coming. and it takes a lot longer to train a combat pilot or train a veteran soldier than it does to say, wibuild a tank. these are the issues they have to be looking at going forward. a 20% cut in army forces is not nibbling around the edges. that is a bite down the middle. that is a serious drawdown in our force strength. >> again, we are talking about the u.s. military. don't you think there is a call for boots on the ground, we will be ready with enough forces. >> let me just add one thing. i would love to hear buck's response on this. we're going from talking about having the bi...

Active duty soldiers which the army had planned to reduce to 490,000. however, the strategic choices in management review and the qdr both determined that since we are no longer sizing the force for prolonged stability operations, an army of this size is larger than required to meet the demandings of our defense strategy. given the reduced budgets it is also larger than we can afford to modernize and keep ready. we have decided to further reduce active army duty strength to a range of 440 to 450 soldier. >> here with exclusive reaction, former vice president dick cheney, good to talk to you. >...

Much we spend. on the chopping block, the number of american soldiers from a proposed 490,000 down to as low as 440,000. watch america's forces spike during world war ii, during korea, vietnam. these new cuts would see america with the fewest soldiers since before all of these wars. and in the skies, a 40-year-old aircraft, a-10 warthog to be retired, to be replaced by newer aircraft, including the fierce f-35 fighter jet. and famed spy plane, the u-2 would be replaced by an unmanned drone. while at the same time, america will continue to invest in its special operations forces, and cyber warf...

He's expected to recommend stiff budget cuts for the army specifically. i'm jenna lee. jon: and i'm jon scott. the pentagon expected to slash the number of troops in the army to less than half a million. that's a drop of at least 120,000 from the post 9/11 peak. chief congressional correspondent is life in washington with more on all of that. >> even those who say it's time to cut says there's risk in a dynamic and increasingly dangerous security environment. let's take a look at the manpower proposal for the army. today there are 520,000 active duty soldiers. the army had planned to reduce by...