I'm glad to see the Obama administration abandoning the really dumb and provocative long-range missile defense system based in Poland and the Czech Republic and replacing it with a short-range missile defense system that's sea-based with sites in (probably) Romania, Israel and Turkey. I might like to see them abandon the idea altogether, but them's the breaks. This way, you do less to anger Russia and you save a bit of money. You just can't say you're saving any money.
Look at the Pentagon's fact sheet, courtesy of Spencer Ackerman. "Cost-effective" is the preferred euphemism for "will save a boatload of money." In his remarks today, Obama stuck to the message: He used the term "cost-effective" three times.