While I am a big proponent of "peace through strength", In order to get fiscally sound I think you would need to see the Army go from 10 to maybe 6
active divisions, the Navy from 10 carriers to 6, and the airforce lose up to 25% to 40% of manned aircraft in favor of drones.
The carriers put in mothballs if needed, the army depend on national guard combat forces for "major wars", and drones and air national guard taking
the place of the active airforce.
It would save a ton of money and still leave us with a strong military, especially if Guard forces are utilized as they have been.
Note: I beleive the Marines have a law stating they would always have 3 divisions. However; the size of those could be trimmed, maybe cutting 1 of
the 4 infantry regiments in each. (the 3rd Marine Division is already smaller then the 1st and 2nd and would be augmented with Reserve Marines or
draftees in time of war).
All that being said our current armed forces are pretty small as far as deployable units, for a country of our size and treaty commitments. It's more
then half the size of what we had at the end of the cold war.
edit on 20-8-2012 by SrWingCommander because: last line.