Obama would probably cut military faster than Romney, but there should be room to cut if the wars end. Remember Bush was keeping the war costs separate for that reason.
Here’s a lot of detail on the economic plan:
http://www.mittromney.com/issues/tax
http://www.mittromney.com/issues/energy
http://www.mittromney.com/issues/health-care
http://www.mittromney.com/issues/spending
http://www.mittromney.com/issues/regulation