Now, a year and a couple of months later, you're a regular economic genius because you saw that it wasn't going to work. You understood the principle of why it wouldn't work. They went ahead on a one-party rule, without any Republican…

What amazes me, Congressman, is if you looked out at the average guy in America that runs a family, okay, there's all these families all over the place, all over America. How many of them would be dumb enough to think when they're in hard…

The history of missile defense goes back quite a ways. It goes back to Ronald Reagan, who proposed the whole idea of missile defense; and people, liberals, tried to make fun of it. They said it was Star Wars, and it will never work, and it…

So let me just recap what you're saying. If you don't have the industrial base to produce the kinds of missiles that we need for missile defense, the way that that can work is, one, you're not going to have the rocket scientists. In other…

Well, the thing that strikes me about this whole situation is, first of all, if you want to deal with the nuclear proliferation thing, that's one thing, but to connect it to missile defense seems to be the height of stupidity, just really…

So the bottom line should be about U.S. security. I mean, that's what we should be focused on. Yet how does it get us more security if we reduce our nuclear capabilities and other nations than become encouraged to increase theirs?

You know, I thought it was on the front page of the paper today, the idea that scud missiles had been given, I think it was, from Iran to Hezbollah or something like that.

We are talking about two different things that have been going on in the news. The first is the question of the Nuclear Posture Review, or the NPR, which is an overall document released by the U.S. Government, talking about what we're…

Well, I thank you, gentleman. I'd like to just pick up on a couple of the themes that you've mentioned. You've used this phrase frequently. I don't know if you coined it, but I think of it as something that you authored. I guess you could…

That is really, really a frightening prospect. The thing that I find interesting about this, what we are doing is we are reducing our defense spending. Here is a chart of the budget that would reduce our national defense spending. These…

Well, I really appreciate your perspective, gentleman, and particularly the little historic lesson of the bag of nails. It seems to me sometimes our leadership is getting so grandiose and it's saying what we're going to do is provide a…

So we are reducing weapons, but these other nations are going to want to increase, so that doesn't really compute with the logic of this thing. Now let's go to the next class of nations, third-world nations, maybe some of them that are…