Hagel: Budget Cuts Won't Hurt National Security

Finally somebody notices

The Pentagon will not let an impending $46 billion in budget cuts erode U.S. military power, Defense Secretary Chuck Hagel said Friday. He said the cuts will "cause pain" but insisted that they can be managed without hurting national security.

At his first news conference since taking over for Leon Panetta as Pentagon chief, Hagel struck a more relaxed tone about the budget reductions, which are part of $85 billion in government-wide spending cuts that were taking effect Friday at midnight.

Whereas Panetta had warned of "catastrophic" effects that could reduce America to the status of a "second-rate" military power, Hagel said he believed the budget crisis can be managed in ways that do not put U.S. national security in jeopardy.