No, President Obama isn't actually proposing to cut defense spending A lot of rhetoric is being thrown about in discussing the Pentagon budget. Reporter R. Jeffrey Smith from the Center for Public Integrity takes a look at what's actually been proposed by President Obama, in his explainer, "Puncturing the hot air balloons on defense spending: A reader's guide to the debate in 2012." The Center for Public Integrity is a nonprofit, nonpartisan investigative reporting group in Washington. Smith's takeaway summary: Obama's national security spending plan does not cut the defense budget. Even if his proposal is enacted, U.S. defense spending will continue to dwarf the rest of the world's. The new U.S. military strategy was concocted to accommodate the proposed budget trims, not vice versa. Sequestration is a threat, not a promise. And no matter what politicians say or do this year, U.S. defense spending will remain vulnerable to real cuts. The important question in the years ahead is, which military programs will survive and which will go away. Read the full story here from the Center for Public Integrity.