At 5% inflation rate I think it is the equivalent of a cut to $500B in today's dollars**; 60% of current spending. I have no idea what the current spread is on salaries, non-wage costs to operate bases and ships, costs of spares, cost of procurement, and (not a complete list) cost of new development. I am sure there are others. Is VA under that umbrella?
This is the sort of decrease that will either see the number of people reduced or a lot of suppliers go bankrupt while also weakening the ability of the US to respond to Russia and China.
Whatever could the underlying reason be for trimming a tree by turning it into a stump?
** 850* (.92*.92*.92*.92)/(1.05*1.05*1.05*1.05)