After a decade of unrestrained Pentagon spending increases, President Obama deserves credit for putting on the brakes. The cuts are a credible down payment on his pledge to reduce projected defense spending by $487 billion in the next decade. They are not going to be enough. In the likely absence of a bipartisan budget pact, a further automatic across-the-board 10-year cut of nearly $500 billion is to take effect starting next January.
Even if a last-minute deal heads that off, the country needs to find more savings. And there is still plenty of room to cut deeper without jeopardizing national security.
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