Where to Come up with the Money?

A Republican will say, "Cut wasteful domestic spending, massively cut income and capital gains taxes and eventually return to a gold standard."

A Democrat will say: "Raise taxes on those actually paying them and redistribute the money to those not paying income taxes (and if you're Obama, call this, deceptively, a "tax cut"), print money like there's no tomorrow and, finally, cut the military's budget."

The Obama administration has asked the military's Joint Chiefs of Staff to cut the Pentagon's budget request for the fiscal year 2010 by more than 10 percent -- about $55 billion -- a senior U.S. defense official tells FOX News.

Last year's defense budget was $512 billion. Service chiefs and planners will be spending the weekend "burning the midnight oil" looking at ways to cut the budget -- looking especially at weapons programs, the defense official said.