And then you be down the Snowbirds, burned up political capital and you still have not fixed the systemic problems that have brought you to this point. With the likelhood of many those ex-snowbird pilots releasing. At least they are getting hours flying in aircraft that are relatively cheap to maintain. Instead of cutting stuff, focus on improving the current bases on all three elements. For the RCAF, make a plan to keep the Snowbirds and then re-acquire the training role with a multi-purpose trainer/fighter as ytz suggested.
The more the CAF divorces itself from the average Canadian, the less political will there will be to sustain the CAF. It's the cost of doing business when you are the most discretionary spending that the politicians can slash when the piggy bank is low.