Talk about getting rid of defense contractors and that seldom spoken of entitlement class goes rabid.
The House has already passed a Military construction bill 402-12
http://fcw.com/articles/2012/06/01/house-approps-bill-pass-pay-freeze.aspx
The contractors lobby with $$$$. Congress loves to monkey with sequestration and with tax laws. This is how they coerce companies to keep the money flowing in.
The defense industry is comprised of alot more than just the big guys. There are also tons of small businesses that work in that area. If the government is going to spend money, defense is a good area. Unlike most industries and recipients of government funding, the defense industry is comprised of almost all US citizens. Furthermore, it is one of the few industries that is actually dominated by highly educated science and engineering professionals.
Make no mistake, like all industries there is some waste. I would argue that a fair amount of the problems are caused by the government customers intervening in programs,, changing requirements, and shifting goals, with no regard for cost impacts. Right now the industry is bleeding out. Money is tight, programs are being killed, and R&D is being crushed. Once the top technical folks leave the industry for greener pastures, the damage will be significant...much like the expertise we are losing in the space industry.
Anyway, I am all for cuts. I just question if taking them all out of defense is the right move.