He does want to cut defense.
To be fair, he mentioned a way of cutting defense by cutting veterans benefits. Yes, that is the way to balance the budget; make sure our boys who have gone crazy and shed blood for us are dieing on the streets.
Plan for eliminating the national debt in 10-20 years:
Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a