Frankly, military spending needs to be reduced as a result of procurement 'redesign'. The bloat is bureaucratic and needs to be trimmed with a flame thrower.Very good point about the unsustainable levels of defense spending needed for all the geopolitical goals and commitments DC and the US military feels it has to deal with.
However, military reduction will, in no way, help the US fiscally without eliminating all the crap that just got passed along with a bunch of social spending.