The Wall Street Journal's Gerald Seib asked Ron Paul about the "major" defense cuts he wants to make citing that it would inevitably cost South Carolina jobs. Ron Paul responded, "Your question suggests you're very confused about my position." Paul clarified that he wants to cut "overseas money" and not defense money. "I want to bring the troops home," he said.

Paul also brought up an example of spending a billion dollars on an embassy in Baghdad. He said, "You consider that defense spending. I consider that waste." He reiterated that "we need to have a strong national defense but we don't get strength by diluting ourselves in 900 bases, 130 countries."

The Texas congressman ended by saying: "We're supposed to be conservative, spend less money."