Economic woes hit US defence ambitions

By Daniel Flitton
Updated November 10 2012 - 3:19am, first published January 3 2012 - 1:15pm
US Defense Secretary Leon Panetta.
US Defense Secretary Leon Panetta.

AUSTRALIA is about to confront the biting reality of US military decline as its cash-strapped ally moves to abandon the long-standing doctrine of being ready to fight two wars simultaneously on opposite sides of the globe.

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