Near record levels, ship costs are soaring and budget cuts are coming. Admiral greenert, its an honor to have you on the program. Thank you for having me. What sequestration planning are you doing . I know youve been thinking about it for a long time and where are you going to cut if you have to come up with more money as almost everybody expects as part of a budget deal . Well, we still remain in a, if you will, a thinking phase. We will be given guidance on precisely where to take the reductions but its relatively clear. Military personnel has been exempt. Weve asked for that and we got that. Thats the right thing to do. Its sequestration is an algorithm. The deal is those directed cuts in every budget line and project. We may be given some leeway but if we are, i dont know what that is yet. That will be forth coming. The concern would be operations and paint nance. We want to be paint nance. We want to paint nance. We want to know that those are covered. Those getting ready to deplo
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