Richard Shelby: “I have a deep faith that continues to this very day, that markets do a better job disciplining risk than bureaucrats do.”

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

The Department of Navy has played and will continue to play a critical role in the defense of our Nation.

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

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.