In this week's episode of Horns of a Dilemma, Mackenzie Eaglen, a senior fellow at the American Enterprise Institute, addresses the challenging questions of how to allocate defense spending to meet American strategic interests around the globe. Eaglen discusses the relationship between strategy and budget, as well as how "reality always gets a vote" and often results in a need to spend money in areas that were not projected to be strategic priorities. Eaglen engages in a broad-ranging question and answer session with members of the audience which provides a comprehensive overview of the relationship between strategy, politics, defense spending, and capabilities on the ground for the United States and its allies. This discussion was held at the University of Texas, Austin.