Defense Secretary Chuck Hagel announced plans for steep budget cuts for the military. Under the proposal, the Army would shrink to its lowest troop level in nearly 75 years. Republicans are lining up to slam the plan. Former Vice President Dick Cheney claimed President Obama would "rather spend the money on food stamps than he would on a strong military." Anderson takes a look at criticism from the right and speaks with Chief National Security Correspondent Jim Sciutto about what these budget cuts really mean.