yes, but running around on squishy tires isn't the right option either. For me, Weld Draglites don't come in the backspace I need to make 15x8's fit, so it was a compromise I made.
For the record, once it was clear I was wearing the tires I did drop the psi, but that starts to cause issues with your sidewalls that are already bulging over the side of the rims in the first place.