its a bit more solid and wide reaching than all of that.
The services are having 100B cut from their FYDP and the AF and Navy both have about 30B of that each.
This will translate into end-strength cuts, force structure and programs. Programs will be vertical cuts - meaning complete programs so that support tail can be cut (as opposed to horizontal cuts where part of several programs are cut leaving the support for each of them - but underfunded leading to the hollow force we've seen before.)
the services are offering their programs up for cuts - but these are not bluffs. The magnitude of these force structure cuts will result in programs being cut.
The AF is not offering up the B-1, F-16s, multi-function data-link programs, etc., as a bluff. Theses are on the table.
The Navy will likely loose carriers, carrier airwings and probably amphibious force ships from the FYDP.
The Bone is most likely headed for its place in history. Its upgraded combat capabilities and relevance to the war effort is not relevant to the discussions. Only the $$$ count.