barry pavel is the director of the international security program at the atlantic council. barry, welcome to the show. >> thank you very much, vago. >> let's start out. you know, is this the right strategy and what does this cut mean over the long term and does it undermine america's commitment to europe? >> let's start with the strategy. i think there's a lot of good in the strategy itself. i think first of all i give the administration a lot of credit for a real strategy that from what we can tell will drive the budget, the fiscal year 2013 budget that's about to be delivered to the congress in a couple of weeks, and from what we can tell, the strategy actually drove the budget deliberations. so that hasn't been done very often, and if that happens, we should give them a lot of credit and that the budget actually reflects the strategic priorities of the secretary of defense and the president. second, i would say it has real priorities in it, i mean, very clear regional priorities, china, the middle east and then europe and very clear functional priorities, certain capabili