Well, according to General Cody, it could be better. In his testimony to congress he has given us a clear, if not implicitly stated, warning; We are very close to having to resort to a draft or we run the grave risk of breaking the armed forces.
Today’s Army is out of balance. The current demand for our forces in Iraq and Afghanistan exceeds the sustainable supply and limits our ability to provide ready forces for other contingencies. While our Reserve Component (RC) are performing magnificently, many RC units have been assigned missions as an operational force, when they had been resourced as a strategic reserve for decades. Current operational requirements for forces and insufficient time between deployments require a focus on counterinsurgency training and equipping to the detriment of preparedness for the full range of military missions.
Now, he never says draft, but it is clear that his message is we have to reduce deployments or find many more troops.
And I would not bet on any reduction in deployments.
Draft, US Military