Here's a thought: treat the military like we should be treating the government.
Do we really need big government? NO. Reduce government agencies to reduce spending on government.
By the same token, do we need a bunch of military leadership? NO. Reduce the military leadership.
We talk about reducing military programs, such as the Osprey; no. Our potential enemies (China, Russia, etc.) are still developing their military capability; we must continue to analyze where they're at, what they're developing, and develop our own means of neutralizing those threats. The *best* defense against this is to continually develop our own military capability that they're unable to match. The article provided in the opening post mentions that the Osprey doesn't have the long-range capability to properly conduct its mission; I disagree. The Osprey can be modified, if necessary, for in-air refueling. C-17s can air drop, or short take-off and landing supply other requirements.
Instead, look at the overhead organizations. Is the Pentagon itself properly manned? If you'll recall, I stated that I supported the cutting of JFCOM; are there other areas that could be cut or reduced?
The problem, however, is that this sort of examination takes time, to ensure that it's being done correctly and will have long-term benefits. Instead, both what's being implemented and what's proposed in the article, are looking at short term, "now" benefits that may have repercussions 3-5 years from now that fall into the category of "unintended/unexpected consequences."
Take the time to do the job right, instead of having to constantly re-do the job because what you did had a second or third-level effect that completely undoes what you were attempting to do.
Take the article given in the opening post; match it to the actual security strategy (which was developed by military people who eat, sleep, and drink potential threats to our great nation -- sorry Poncho, but you're a whack job; yes, they do take into consideration economical factors, but that's because any good strategy looks at the centers of gravity (which include economical factors), both ours and theirs, and asks the questions: what are they trying to accomplish, and what are we trying to accomplish?); then match it to each of our allies and enemies; and then re-look at the propositions and determine if they're still valid.
Yeah, that'll take some time. But that's what I've been saying in this post.
ADDED: By the way, don't forget that strategy (such as the opening post article) is easy; implementation is hard. I believe it was Gen Omar Bradley who was attributed with the quote: Amateurs talk strategy, professionals talk logistics.