That's not what the defence cuts are about. And the fact that US industry can't produce to a timetable means that the next fighter jet is obsolete before the prototype has been built. Unrelated to the defence cuts though.
That's not the point they were making.
The point was merely that in the 90's under Clinton there were barely enough forces to deal with Bosnia. And that it would dangerous to be in that position again in light of the current defence requirements.
I'm not going to go down that path. The Soviet Union came within a hair's breath of launching a strike. Iran is not the Soviet Union. You believe they're less likely to do it than the Soviet Union? If you want to believe that then that's up to you.