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WASHINGTON Looking beyond the wars he inherited, President Barack Obama on Thursday launched a reshaping and shrinking of the military. He vowed to preserve U.S. pre-eminence even as the Army and Marine Corps shed troops and the administration considers reducing its arsenal of nuclear weapons.

The changes won’t come without risk, Defense Secretary Leon Panetta said. But he called it acceptable and, because of budget restraints, inevitable.

In a presentation at the Pentagon, Obama said