But just think about the example of delivering a package at the same time youre delivering the mail. The incremental cost of delivering that package given that you already have these enormous economies of scale and scope based on the monopoly product. We would be very uncomfortable if we said that the military could provide could have a private business for private security forces. I dont see any difference. Frankly. Second you know, the kirby. The activities of this Government Agency in the private market to postal product. We heard from our friends proposals for a whole line of new products. This would only compound the problem. The notion that the Postal Service, as the expertise to handle backnking services and financial services. To me, this is, you know, in the 1970s, the Oil Companies had a lot of money because oil prices had skyrocketed. They said we are all going to become conglomerates. And they started buying businesses, they had nothing to do with the oil business. And ten
Has gone on, diplomatic for example, and as part of a lot of international forums. Our government is trying to adopt some norms to get the chinese to go along with them. But it is my function the fbis to understand what theyre doing, develop the factings and then show our government heres what we see. I understand, you know, that the cyber threat is real and i think congress and the American People are recognizing that its real and its clear and present danger. I hope were doing everything that we can as members of congress to provide your agency as well as others with the resources to counter this threat. Because not just illegally downloading music but its of huge fear that if they engage in some form of cyber attack that it could cripple our critical infrastructure. The last thing i would want to see the the lights go out and your atm doesnt work, your navigation on your car and phone. I think it would cause a huge amount of panic in our country. You also mentioned something about t
Dozens of sites across the country because they can use these real dollars to help scale them up. So those are the types of things we think are important, scaling takes on a couple different forms. Some people think about scale were going to take this model and mcdonalds it and were going to be in a million places, but sometimes scale is taking a model and sharing it, saying heres what works you take it and you run with it, the last thing i would say, though and this is interesting in the case of bam. Everybody loves bam the president loves bam, i love bam, we funded them. But theyre really before smart growth. After the president visited with those young people. Theyre getting dozens of calls a day from all over the world, bring bam here. And bam smartly said we need to sure up our model first make sure chicago is secure the funding is coming in, sometimes when you get famous people think youre set and stop writing checks. They had to focus on their first market. Now several years in,
Be again again. And thirdly, im going to also support my Agriculture Community because i like to eat. I want to make sure myo re farmers are taken care of. I appreciate you all being here. And closing up i ask unanimous consent that members have five days to extendo or remarks and include material. Without objection, so ordered. With that, this hearing is adjourned. Were going live now to capitol hill where vice admiral peter is testifying this morning at a science and Transportation Committee confirmation hearing on his nomination to be Homeland Security assistant secretary and the Transportation Security Administration administrator. The hearing is scheduled to start at 10 15, being delayed due to votes in the senate. Well join the hearing as soon as it gets underway. Until then, an event with the ceo of United Airlines who joined forces to speak out against government owned airline in qatar. They alleged that the Airline Carriers are receiving unfair subsidies from their respective
And to others that have to be able to have 7 and 10 year money. A lot of people would like to see if they have safety that their capital can go to rebuild their cities in a really constructive way. Thats all in the works too. Theres some positive lessons learned, positive things on the ground. The Biggest Issue that isnt being addressed in my estimation by the administration and everyone else is do we have an intention al intentional jobs program that gets down to the ground to this concentrated poverty that really reconcentrated after the Great Recession in a major way, and really threatens our cities . You know this was not as much a race issue . You have an africanamerican mayor, prosecutor, et cetera. Its a poverty issue. And theres real anger. And it isnt just in baltimore its all over in different areas of concentrated poverty. We learned over the years that i think the biggest lesson is that if you simply stop and ask a young person what they would like to do for their community