02/26/2014
https://www.congress.gov...
"I think the safeguard you have is satisfactory."
"My concern is could it be that we will cease to become the partner of choice to our allies if this trend continues?"
"Sequestration in 2013 has resulted in a $4 billion operation and maintenance (O&M) shortfall and a $6 billion investment shortfall."
"The Navy needs a sustained level of investment topping $20 billion by 2021 and maintaining that level for the following 10 years."