Barack Obama in Bloomberg.com

On Homeland Security: Reduce defense spending 1% in 2013; add 2% per year after

The administration plans $82 billion in funding for the Afghanistan and Iraq wars for 2013, according to OMB. The basic defense-only "topline" numbers are currently projected at: $524 billion in 2013; and $533 billion in 2014; $546 billion in 2015; $556 billion in 2016; and $568 billion in 2017. The percentage increases are expressed in "nominal growth," not adjusted for inflation.

The 2012-2021 defense plan calls for $5.652 trillion in spending. OMB calculated that the total Budget Control Act- mandated defense cut over those years is $488 billion--or about an 8.5% total decrease.