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Published on Jul 21, 2009
Transcript: THE PRESIDENT: Good afternoon, everybody. Before I talk about the progress we’re making on health insurance reform, I want to say a few words about a very important vote that just took place in Congress.
Long before I took this office, I argued that meeting our greatest challenges would require not only changing policies in Washington, but changing the way we do business in Washington. I also promised that part of that change would be eliminating waste and inefficiency in our defense projects -- reform that will better protect our nation, better protect our troops, and save taxpayers tens of billions of dollars.
As Commander-in-Chief, I will do whatever it takes to defend the American people, which is why we’ve increased our funding for our military, and why we will always give our men and women in uniform the equipment and support that they need to get the job done.
But I reject the notion that we have to waste billions of taxpayer dollars on outdated and unnecessary defense projects to keep this nation secure. That's why I’ve taken steps to greatly reduce no-bid defense contracts. That's why I've signed overwhelmingly bipartisan legislation to limit cost overruns on weapons systems before they spiral out of control. And that's why I'm grateful that the Senate just voted against an additional $1.75 billion to buy F-22 fighter jets that military experts and members of both parties say we do not need.
At a time when we’re fighting two wars and facing a serious deficit, this would have been an inexcusable waste of money. Every dollar of waste in our defense budget is a dollar we can’t spend to support our troops, or prepare for future threats, or protect the American people. Our budget is a zero-sum game, and if more money goes to F-22s, it is our troops and citizens who lose.
So I want to thank Secretary Gates for his outspoken leadership on this issue. I want to thank every member of Congress who put politics aside to do what’s right for the American military and the American ...