On the recordDecember 2, 2011
I thank the gentleman for his comments, and I appreciate Mr. Panetta's quote. I believe Mr. Panetta's quote is an accurate quote and, I believe, substantively correct. Let me give the gentleman another quote from the former chairman of the Joint Chiefs of Staff, Admiral Michael Mullen. I know the gentleman knows Admiral Mullen, who served so ably as the Chairman of the Joint Chiefs of Staff. He said, ``The most significant threat to our national security is our debt.'' He went on to say, ``And the reason I say that is because the ability for our country to resource our military--and I have a pretty good feeling and understanding about what our national security requirements are--is going to be directly proportional--over time, not next year or the year after, but over time--to help our economy.'' So I would agree with the gentleman that we need to reach a bipartisan agreement. I would hope the gentleman would share my view that we need to reach a bipartisan agreement on a big deal. A little deal, as the Speaker and I have discussed, will simply push off until next year a decision and the year after in just doing it incrementally. That will not give confidence to the markets. It will not give confidence to the business community. It will not help our economy either domestically or internationally.…





