More interesting were the bits left untouched.
The US Army seems to have come out quite well. Whilst their replacement vehicle fleet is on hold, fancy and expensive projects like the XM1111 rocket-assisted guided tank rounds are still sailing on, despite the unlikelyhood of the US being engaged in a classic tank-vs-tank war in the immediate future. In the event of a war with Iran or the Norks, any of their antiquated armour that made it to the battlefield would easily be dealt with by the existing, proven and cheaper M829Ax APFSDS round, so why the XM1111 can't be put on hold is an interesting question.
There is also no mention of cuts to the various radar-guided anti-mortar gun/laser projects, which are badly needed for Afghanistan and Iraq. In such theatres the threat from mortars fired at bases by insurgents/millitants/freedom-fighters/terrorists (delete as your political bias prefers) are much more of a threat than enemy tanks. So a thumbs up there.
Also no mention of cuts into efforts to decide on the replacement for the current M16A2 rifles (which I guess is most likely to be a 6.8mm SPC M16/M4), or even the loony "guided-grenade-launcher"/the-designers-played-far-too-much-Quake-Arena projects.
Who said the US Army was the arm of the US forces that least voted for Obambi?