Lol we can cut the military and the US might won't be lost.
But if we assume this scenario the % cut will more smaller but nonetheless massive in dollar amount.
Assuming though a military cut mentions affect the image of might we can do what they did to other departments and just shift fund around for more domestic based projects like "war on bad roads".
Us dollar is also losing it status as the petro dollar so the effects on the US dollar will be less drastic.

On the topic of gas price, if we do a massive miltiiary budget that affect us might then we could counteract the effects.
US is one of the larger producer of oils still but yes gas will rise. It the cost of the long term that would benefit the country. we could use the money saved for more renewable projects such as solar tax credits and/or bring back nuclear.
By shifting energy demand from oil source to more renewable it would reduce the price of gas increase minimally and effect of the mob would be non-existent.
Renewable energy is already one of the most cost effective sources of energy now.

Of course, you can say that never going to happen but so would the military costs. If we can get a military cut actually passed we can pass almost anything 🤣 this is all wishful thinking especially the military cut 🤣