We congratulate you and thank you on behalf of the people of the United States for your commitment to the system.

the ground-based midcourse defense segment, the multiple kill vehicle program and the Kinetic Energy Interceptor program I think are very important.

I agree, but I could name a lot of countries where we give aid that are autocratic and we seem to be increasing our aid.

He served with great distinction and he served in this post for 5 years.

I know you're constrained by your budget from time to time. Will you address that some?

I can't help but think that this, if successful, they call it the Airship Advanced Concept Technology Demonstration, you cut back a little bit on its funding but I happen to think that, you know, when we started to talk about space and…

We must counter the threat of ballistic missile proliferation.

I wish you luck in your future endeavors.

Does this funding cover only development, and how are the traditional acquisition procurement wedges incorporated with the Ballistic Missile Defense System?

I reserve a sense of skepticism of this possibility.

The day I become a stealth, that will become a great day.

Good morning and welcome to today's hearing. We are pleased to have as our guest today Chairman Alan Greenspan of the Federal Reserve.

I think we've got a lot up there that we're not getting.

My own expectation is that the markets generally have assumed that the tax cuts will, in fact, stay in place and that there would be a negative reaction in the markets if that assumption were to prove not to be the case.

We are faced here in the Congress with the decision as to whether or not to make the President's tax cuts permanent.

The economy is growing rapidly and adding new jobs, thanks to well-timed tax relief, aggressive Fed policy, and the amazing resilience of the American economy.

Thank you very much, Mr. Chairman. We appreciate your candor and your wisdom.

I was a little surprised that you raised it, because it's not something one expects from the Fed, but that I'm very glad that you raised it, because I think it is something that will impact the economy to a degree that requires the kind of…