"The CSBA, indubitably the smartest of the Washington defense think tanks, ran an exercise in the summer where seven teams pulled from industry and government - working independently and off-the-record - aimed at likely budget levels using a common set of tools."
Today's Times had an article by someone from the States saying the US Defence Budget needs at least a 2% cut, taxes need to go up by 2-3% and entitlements cut by the same sort of number