Per Terry, it seems that while the U.S.Army is so shortstaffed that they are recalling a 67 year old retired Colonel,
the Air Force and the Navy are doing fine. They are offering early outs (as much as 12 months) with no penalties to first term enlistees because they have (sit down, it’s a deusy†) 50,000 too many people.
(Of course it might help if those being reactivated could actually count on getting paid for their services.)
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† Transcribed from the (correct) original: no sic is required.