There is a new report [1] from the Democratic Caucus, U.S. House of Representatives, entitled "America At Risk: Despite Continued Warnings... America's readiness continues to slide."  The 7-page pdf summarizes how the cost of the war in Iraq is straining the budget and affecting the preparedness of the military to protect the country from domestic attack.  It includes reports about how budget cutbacks are affecting the National Guards of individual states.

hat tip: beSpacific [2]!