In this week’s Economic Report, Dr. Rick Harper discusses the proposed cuts to the U.S. Department of Defense announced by Sec. of Defense Chuck Hagel. The plan asks for $522 billion. Harper says, “If you look over time the draw down is substantial and a lot of it falls on the Army. We’re looking at moving from an Army of 520,000 troops down to one of about 450,000 troops.” That would take American military forces to the lowest level since before World War II.