Earl Pomeroy: “I have enormous respect for each of the speakers, my friends, on the other side. I think they have made their points…”

Thank you. Let me just say a couple words for the record.

I just want to begin, Mr. Chairman, by thanking you for this hearing and commend this panel in particular.

I believe that when it is a securitized issue spread around with no remote concept of insurable interest, you raise profound questions about whether or not this tax incentive ought to apply anymore.

We want this base used, and used actively. It has a long history of playing an important role in our Nation's defense structure.