no big cuts in defense

Panetta: Bigger defense cuts would 'weaken' US
By ROBERT BURNS - AP National Security Writer | AP – 1 hr 4 mins ago
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WASHINGTON (AP) — Large new cuts in defense spending would "terribly weaken" U.S. national security, Defense Secretary Leon Panetta said Tuesday as he and Secretary of State Hillary Rodham Clinton used a rare joint interview to argue that the nation cannot afford to keep playing partisan chicken with its finances.
Panetta expressed optimism about progress by American-led forces against the Taliban in Afghanistan and by NATO forces in support of anti-government rebels in Libya. He cited those conflicts as examples of why severe cuts to spending on defense and diplomacy would be dangerous.
Panetta said the Pentagon is prepared to make $350 billion in cuts over the next 10 years, as agreed by Congress. But he warned of dangers to the national defense if bigger reductions are required.
The recent deficit compromise reached between the White House and Congress set up a special bipartisan committee to draft legislation to find more government cuts. If the committee cannot agree on a deficit-reduction plan by year's end or if Congress rejects its proposal, it would trigger some $500 billion in additional reductions in projected national security spending.
"This kind of massive cut across the board, which would literally double the number of cuts that we're confronting, that would have devastating effects on our national defense; it would have devastating effects on certainly the State Department," Panetta said.