chopabeefer,
You take issue with the statement:
"The armed forces are capable of meeting both their current commitments, and any that they will be asked to carry out in the future' "
While the second part is speculative and was the main focus of the Select Committee's criticism, the first part is palpably true. We HAVE met our past commitments and we ARE meeting our current ones. The fact that this is causing massive strain across all of the Services is clear and Fox, to be fair, did not say 'we are fine'. But the reality is that we will not fail to deliver on current ops.
To imply that we will fail to deliver in Libya or Afgan would simply undermine our credibility when we as a Service try to articulate the real effect of the cuts. There are enough people outside (and especially in the Treasury) who already think we tell lies. Let's not start.
And for God's sake don't tell anyone how to improve things in the most cost effective way - they'll promote you above SO2 and you'll clearly then forget everything!