LOS ANGELES (MarketWatch) — If the Pentagon is the titan of world military powers, then it seems Atlas is shrugging when it comes to the latest defense budget.

While some pro-military analysts and Republican lawmakers contend that the fiscal 2013 spending plan proposed by President Barack Obama earlier this week could threaten national security, most Pentagon watchers are saying the cuts are mild.

The proof? Not even military personnel and defense contractors are crying foul.