As a follow up to yesterday's blog post, here is Ron Paul on Face the Nation. While I would not cut defense as much as Paul, I am in general agreement. We have little choice in the matter. We do not have the money. Letting the Bush tax cuts expire will enable us to not cut as much, but these cuts will happen as current trends can not continue. The cuts can happen now in a fair and rational manner, or they can happen latter in a crisis in an unfair and irrational manner. There is no third option.