Richard Shelby: “The SEC's Consolidated Supervised Entity Program, I believe was not a success.”

A complex and evolving security environment requires a serious commitment to our national defense.

Deterrence requires spending our limited resources on both offensive and defensive weapons.

We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.

I am concerned about this--what this communicates to both our allies and our adversaries.