The overall context is one of constraints - namely economic - and of course the need to adapt to the profound changes underway caused by the emergence of Asia Pacific as a major global pole. The official line is to accomplish more with less, and to act more effectively within a series of defined limits and fixed objectives.
Most of the speech, however, was spent elaborating the four underlying principles and going into details about what the policy consequences would be.
What are the four basic principles outlined by Panetta?
More after the jump...
