Weight / Fat loss

You see this is the thing that confuses the fuck out of me:

[INDENT]- If I exercise (cycling, climbing, running, push/sit ups, dips) how can I not put on muscle?[/INDENT]

[INDENT]- If I eat less calories than I use, how can I not *visibly *lose weight?[/INDENT]

So my logic, based on the fact that I have a fair bit of muscle under my podgy belly and love handles, is...

• if I slash my food intake (especially shit food),
  
• don't drink for a bit, and
  
• actually start doing all those exercises almost every day for a decent period, as opposed to sporadically like now...
  
  

...then when I go to the beach I won't have to buy new board shorts and will be able to breath out.

Am I missing something?