General to hear about the proposal for the department of defense. I will start with some good news or start by thanking the witnesses for being here and further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we have a budg
I dont think theres anything brazenly irresponsible about advocating for us having a deterrent to nuclear war. What the purpose of my remarks was, we need to make it clear to our adversaries, russia in particular, if we use Nuclear Weapon, he will pay an enormous price for it. I cant believe the gentle lady as opposed to that. The goal of all of this is to stop anybody from thinking they under any circumstances, to have a good outcome for them. My point on the deterrence is the russians will launch the low yield and if they dont have one they know we wont do anything because we wont want to be disproportional. It implies a low yield nuke. If this is launched. It will set off and instructive war. We want to discourage them from thinking about launching it. In that regard, nothing wrong with making it clear to our adversaries you launch Nuclear Weapon we will consider nuclear war. We have all the options on the table. I will point out as Mister Cooper pointed out we have a low yield Nucl
Noncontroversial. Its actually not even making a determination about the war on iran with this body to decide the matters of war and peace with article one of the constitution. Even this president has recognized that weve spent 7 trillion in endless wars as he put it in at least and it hasnt advanced our own interest as articulated by this administration which worries that china is our greatest rival. To put it in some perspective 24 of the world gdp, china is about 15 and iran is. 55 . Historians will wonder what we e were doing in the region that is a council of 3. 5 of global gdp if the focus is how to get ahead of china. There is a reason that they havent been in the war since 1979 and has been devoting its resources to building its economy. For this amendment is to reassert our Constitutional Values but its also to prevent another strategic blunder we will go to seniority to mr. Conaway. Thank you mr. Chairman. Confident you can do it in three. The amendment would talk about is cr
Use of his powers under the war powers act. This amendment should be noncontroversial. Its actually not even making a determination about the war on iran with this body to decide the matters of war and peace with article one of the constitution. Even this president has recognized that weve spent 7 trillion in endless wars as he put it in at least and it hasnt advanced our own interest as articulated by this administration which worries that china is our greatest rival. To put it in some perspective 24 of the world gdp, china is about 15 and iran is. 55 . Historians will wonder what we e were doing in the region that is a council of 3. 5 of global gdp if the focus is how to get ahead of china. There is a reason that they havent been in the war since 1979 and has been devoting its resources to building its economy. For this amendment is to reassert our Constitutional Values but its also to prevent another strategic blunder we will go to seniority to mr. Conaway. Thank you mr. Chairman. C
Stocks on top of with Deutsche Bank and all of its ills, someone will rescue them, whether the German Government or consortium of players. Bottom line the optimism here someone comes in to stimulate, to rescue, to be a backstop to provide protection for capitalist institution might be in trouble. How many times we have seen this. I will not begrudge a rally. Well begrudge rallies if youre long the market. I do look at rationale behind this one presumably anytime there is stimulus, anytime the looks like the fed continues to provide easy monies or governments stand by beleaguered banks were off to the races. That is not a reason to be off to the races. A reason to start questioning why were off to the races. First to Connell Mcshane what is really going on this final trading day of the month. Connell . Hard to tell but oning thing we talk about the market and Deutsche Bank stock price is linked. Part of it as you say the bank eventually may be bailed out. There is also a lot out there t