Thank you for that question, and it's not an easy question.
My observation first would be that no cut, however large or small, could be regarded as helpful in security matters. Nonetheless, insofar as this is simply a one-shot thing, there may be some benefits. What it has done, in fact, is forced us to re-evaluate how we're making our expenditures and to change some of the priorities, and therefore to probably make the funds that we are spending go further and put them in a situation where they're used more effectively.
Having said that, I think the great problem is if we continue to go in that kind of direction of declining expenditures. Looking at the way China is making its expenditures and what the percentage increase is per year, looking at the increased expenditures of the Russians, and looking at what's taking place with ISIL, for example, in the Middle East, the problems, the challenges, are growing at a time when the collective efforts of the democracies, I might say, seem to be going in the opposite direction. That is a recipe for serious problems sooner rather than later.