General Dempsey's assessment of the amount and kinds of risk the United States is taking by cutting its defense budget is an extremely good statement of the conventional wisdom. And I mean that in a good way -- I don't see a lot to with which to disagree in it.
The key quote: "My greatest concern is that we will not innovate quickly enough or deeply enough to be prepared for the future, for the world we will face 2 decades from now." That should be tattooed on the foreheads of our four-star generals. Maybe in reverse, so they ponder it every morning as they shave.
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