Despite repeated warnings by me and other Members of this Committee about the risk that GSEs presented, they were allowed to accumulate more than $5 trillion in financial obligations with only minimal amounts of capital.
Shelby criticizes the accumulation of debt by GSEs without adequate capital.
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I remain concerned that the Air Force budget request is insufficient considering the needed modernization across the inventory with a rapidly evolving threat.
I am concerned about this--what this communicates to both our allies and our adversaries.
I am deeply concerned, however, that the administration's failure to direct the appropriate resources to the crisis at the southern border has resulted in shifting the burden to the Guard.
As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
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