Pentagon to Cut Budget by $78 Billion Over Five Years

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Photo: Paul J. Richards/AFP/Getty Images

"We must come to realize that not every defense program is necessary, not every defense dollar is sacred or well-spent, and more of everything is simply not sustainable," Defense Secretary Robert Gates said today, noting that the reduction actually represents a "decline in the rate of growth" since the budget will continue to grow "in absolute dollars." The cuts will include a reduction in active troop size and an eventual spending freeze. [WP]