[Praxeologue]

Having read the comments of John Bolton and others on the potential defense cuts, I still do not understand one thing:

Is the $325B cut that is part of the initial $1T of cuts and the potential $500B cut over nine years that is contingent on the failure of the super-committee to agree, are these cuts from current levels, which may be tolerable, or are they from future levels that assume a wind-down of current "wars"?

I would be grateful if someone could address that question.

[Praxeologue]

In answer to my own question, this is relatively good news:

http://www.washingtonpost.com/blogs/ezra-klein/post/will-the-defense-cuts-stick/2011/08/02/gIQAHVnAqI_blog.html

[lylacavanaugh]

Whitehouse/congress is trying to get 3 billion in total cuts. One billion is counted when Irac and Afghaistan is over. Next billion is in social secuity. The third Billion is in the Pentagon. Hope this helps.