All the hand wringing over the BCA (Budget Control Act of 2011) and the effect the cuts will have on the DoD have turned out to be over dramatized. Analysts such as Gordon Adams and Todd Harrison have examined the effects as reported at Bloomberg. Winslow Wheeler of the Straus Military Reform Project had this comment.
“the comments from many -- but not all-- Republicans, most defense manufacturers and the secretary of defense that they regard a budget well above Cold War averages to be a catastrophe is consciously constructed, misinforming hysteria”
While congressional republicans, military contractors and even the The Secretary of Defense continue their propaganda and fear mongering campaign most objective analysts agree, "it's not the end of the world".
For 2013, CBO’s projection of the cost of DoD’s plans is $14 billion higher than the funding that would be available under the BCA’s limits on discretionary appropriations for national defense before the BCA’s automatic reductions. Those costs would be $66 billion higher than the funding that would be available after the automatic reductions. Accommodating those reductions, in particular, could be difficult for the department to manage because it would have to be done over only nine months. Even with that cut, however, DoD’s base budget in 2013 would still be larger than it was in 2006 (in 2013 dollars) and larger than the average base budget during the 1980s.