On March 29th, Congressman Adam Smith, Ranking Member of the House Armed Services Committee, gave a policy address at the RAND Corporation's Washington Office. In the speech, Rep. Smith discussed the federal budget deficit and its likely impact on national security programs.
"If the government spends more money that helps, it puts money into the economy. If the government takes less money away from a business or an individual, that helps because that business or individual is able to put more money into the economy. The problem of course comes from the fact that you have to raise the revenue in order to spend it. And if you put the two together it becomes a slightly more complex picture. But we are not doing that. We are still fighting, program by program, tax cut by tax cut, making the case for why we cannot touch any of these things, and I believe that jeopardizes our national security," said Smith.