Clark Murdock, Kelly Sayler and Ryan Crotty of the Center for Strategic and International Studies have put out a report on sequestration and note:
While the prospect of a drawdown of this magnitude has raised alarm bells inside DoD, prompting official predictions of an impending “disaster” or “catastrophe,” the combination of BCA caps and sequester cuts would result in a defense budget drawdown of about 31 percent from the FY2010 peak to the FY2017 trough, resulting in a drawdown that is actually below the historical range
