Engagements are and what the price being paid for those engagements really is. Good afternoon. Ladies and gentlemen, i call this joint hearing of the readiness and cpower and Projection Forces subcommittees of the House Arms Services committee to order. First, i would like to honor the 17 sailors who were lost in the uss fitzgerald sailors douglas, noe hernandez, and dakota rigsby, Carlos Victor subayung and the two uss john mccain sailors, kevin bushel, dustin doyen, timothy drake, charles finley, john hogeland, Abraham Lopez and kenneth smith, logan palmer and each one of them is so special to every person here. Over the course of the past six months our subcommittees have met with Navy Leadership to understand the causal factors that have led to gruesome and tragic incidents involving ships resulting in the death of 17 sailors. Our navy remains most powerful in the world. However, the navy is not alone in responsibility. As sales james mattis stated in august. Quote, it creates unpr
Good afternoon. I call this joint hearing of the readiness and subcommittees of the House Armed Services together. I would like to honor the 17 sailors lossed in the uss fitzgerald. And also the ten uss john s. Mccain sailors. Each one of them is so special to every person here. Over the course of the past six months, our subcommittees have met with Navy Leadership to understand the causeative factos that have resulted in the death of 17 sailors. Our men remain confident that our navy remains the most powerful in the world. However, the navy is not alone in responsibility. As secretary james mattis stated in august, it creates unpredictability and makes us rigid. We can not deal with new and revealing threats. We know our enemies are not standing still, end of quote. Passing another temporary measure compounds the negative impacts for our military. Some of those impacts are highlighted by the demanding training and certification gaps necessitated by increased operational demand. Speake
We have a pretty good way of looking at the relationship between supply and demand. On the supply side you can capture this in a diagram. What it would look like under this budget and what it would look like under sequester. It is not a pretty story when you compare that to the requirements around the globe. I am talking about real requirements for presence and crisis response. It is starting to get ready pretty dicey, that that is why we are saying manageable risk. Im told you have 7. 9 billion for investment, reset and readiness which sounds a lot like putting money on procurement and operations make in its, do you have a criteria in mind when you decide what you will get from that account . Some people think that is pure padding. We would be the first to say that over the course of a decade or so that we havent overseas Contingency Operation funding, too much has crept into that account. We are determined to fix that. It will take time, we cannot do it overnight. It would represent
Growth reflects a widely held view that the economy is still returning to the full utilization of its resources. Several factors are supporting this growth. Fiscal policy has shifted to a generally neutral stance, aided by the ryanmarie agreement reached at the end of 2013. If Congress Continues to act without harmful austerity, fiscal policy will continue to be conducive to strong growth. Consumer spending has picked up, reflecting savings from a recent drop in energy prices, the ongoing improvement in household finances, and increased economic optimism. There is continued room for growth in business and residential investment. The slowdown in growth for many of our key trading partners is however, a headwind for the u. S. Economy and a Downside Risk to the nearterm or cast. The later years of the forecast window, we assume that the rate converges to the two point 3 rate of potential gdp growth. This matches the latest forecast by the bluechip panel and is generally in line with recen
Foreign policy is actually not foreign. America has faced great hardship before and each time we have risen to the challenge. The ultimate test is to move our society from where it is to where it has never been. Join us as we explore todays most critical global issues. Join us for great decisions. instrumental music great decisions is produced by the Foreign Policy association, inspiring americas to learn more about the world. Sponsorship of great decisions is provided by credit suisse, eni, the Hurford Foundation and pricewaterhousecoopers llp. Coming up next, sacred cow defending america on a budget. instrumental music marching music the u. S. Spent the last century fighting welldefined wars against wellheeled enemies. Stop duck and cover up under the table. First you duck and then you cover. But the fall of the berlin wall meant the collapse of the traditional enemy and the military struggled to find its purpose in this post soviet world. We have to understand the role that the Unit