If you look at who's going to carry the freight if the Americans draw down, it won't likely be the Brits, because they are reducing their own military commitment. They've mothballed their aircraft carrier two years ahead of time. They've sold off their carrier fleet.
It won't likely be the French. There's really no other country that can step up to the plate. Yet the threat environment is.... Well, who knows what the threat environment is?
I'm kind of puzzled by your argument that it won't be reduced. On the basis of economics alone, it seems to me that economic constraints are going to invariably.... I'm not disagreeing with your argument about the importance of NATO as an alliance. I am questioning whether NATO as an entity will be able to do all the tasks it has been doing for the last, say, decade.