Richard Shelby: “Do you believe that our banks are overall in much better shape than they were 3 years ago?”

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.

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.