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Panetta on Pentagon Budget: 'Cutting Almost $500 Billion Is Not Chump Change'

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Uploaded on Jan 5, 2012

In an interview Thursday after his news conference at the Pentagon, Defense Secretary Leon Panetta told Jeffrey Brown that the United States seeks to be a power in the Pacific and that defense budget cuts announced Thursday will be hard on the military and families, but he hopes a smaller, more flexible armed forces will emerge.

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