Ray Mabus: “For me, leading the Department of the Navy is the greatest honor of my life.”

It is an example, Senator, of when you miss a year building a ship, because we missed some years--we only built one submarine instead of two--you just do not make that up.

The commitment to the rebalance is real. It is absolute.

You will not lose this war. That is deep. There is a lot of layers. And we are all blessed.

I think sequestration puts every program at risk. It puts everything we do at risk.