On the recordSeptember 14, 1995
one of the problems, when we say that it does not make us as competitive, No. 1, we dominate the world market with over 70 percent of sales. We have to remember that it is American tax dollars that create the research and development that makes our companies so successful in the world market. We allocate well over $30 billion a year to research and development. The moneys that come back to the Department of Defense then go back into research and development. I must tell the gentleman that the offset would come out of a mandatory spending in the Defense Department, which would be military pensions.
Source
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