Thank you very much, Mr. Chairman.
I think Dr. Diamond's nomination, and I hope confirmation, to the Federal Reserve will provide an interesting perspective.
I think there is no single tool, no magic bullet. I think we have to work on all of these pieces.
if passed without modification, there could be as much as a 2-percent decrease in the growth next year going forward and as many as 700,000 ...
I think it is critical that not only Congress address the defense needs, but address the State Department needs as well.
Clearly, under the agreements entered into in the Bush administration, our military presence is ending in Iraq in the end of this year.
if we contract spending at the Federal level... you do not anticipate a fall-off, a significant fall-off in growth?
the issue that confronts us is this year's budget and next year's budget.
I think the kind of audits concerns and unintended consequences that you are talking about may well be the worst effects.
We have to start now and build that in.
Secretary Mabus and Admiral Roughead, will this delay lead to any gap in capability?