Political Quotes

On the recordJuly 19, 2012
I submit for the Record a June 28 article from The Hill: But U.S. dominance in every dimension of military power is clear. In recent years we have been building ``strategic depth'' into this dominance without regard to its costs--to our Treasury and to our other priorities. A responsible rollback of our military budget is achievable with no sacrifice to our security. The author is Lawrence Wilkerson, chief of staff to Colin Powell when he was Secretary of State, and he was special assistant to Colin Powell when General Powell was chairman of the Joint Chiefs of Staff. So, yes, there were times when I think: let's take some advice from some military experts. [From The Hill, June 28, 2012] The Executive Viewpoint--Time To Bite the Bullet (By Lawrence Wilkerson) Though the U.S. budget process has been going through the motions in 2012, the real action will take place at the end of the year, when several budget overhaul strategies will converge. Around town, the train wreck metaphor is getting the most use to describe what will happen. But whatever does happen, it is certain that large cuts are coming. Those cuts come as three wars--Afghanistan, Iraq and the global war on terror--are driving national security spending to levels not seen since World War II. Since these wars have been paid for by borrowing, they have contributed mightily to our budget deficit and diverted resources from other investments in our domestic strength.…
Said by
Barney Frank
Democratic · Massachusetts

Share

More from Barney Frank

May 15, 2025

People around the world have learned they can claim asylum and remain in the U.S. indefinitely to pursue their claims.

apnews.com
Jan 9, 2024

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

congress.gov
Sep 21, 2016

Barney Frank, the author of the Dodd-Frank bill, in this committee, sitting in that chair, who has testified in this committee that he told us that the $50 billion threshold is arbitrary and that we should look at alternative methods for…

congress.gov
Apr 5, 2017

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

congress.gov

Other voices in this conversation