There's no way myself or anyone should believe there will be significant cuts to the bloated
MIC budget.

this is the largest sacred cow among several sacred cows...

repugs and "democrats" (with bases and defense industries in their districts) alike will make sure significant
cuts do not happen.

"cuts" will end up being a small slice into typically planned increases-- there will be NO cuts in the actual
meat of the defense budget. in other words, it will be a pretend cut.

AS I mentioned in last night's live-blog, if sequestration comes to pass, Barack Obama will have to make do with a defence budget roughly equivalent (in real terms) to George Bush's outlay for 2007. That budget surpasses average annual military spending during the cold war. In other words, even with sequestration, America will still be in pretty good shape militarily. It will still spend as much as all of the other big militaries combined. It will still hold an immense advantage over China and the rest of Asia, where the Obama administration is focusing its resources, and Russia, which Mitt Romney thinks is America's greatest foe.

http://www.economist.com/blogs/democracyinamerica/2012/09/defence-spending