the pods are old guys, conventional munitions. the gray jackets are the guidance mechanisms set up to convert them to joint directed attack munitions. the precision-guided munitions are remarkable. they get inertial guidance from the airplane. at the end of their trajectory they get g.p.s. control and become very, very effective. they are going to be purchased in greater and greater supply. another example of a legacy system. the b-52. they said it was way too expensive, $6 million a copy. you are throwing money away. he should take his fleet of b-47's, put new engines on them and they will do the job. if he had done that we would have a flight that wouldn't fly. he said, no, he wanted an airplane to carry anything you can stuff in it in the future. that is what happened. we have b-52's that can drop nuclear weapons, harpoon anti-shipping missions. they are equipped with the lightning pod. it is made in israel, french-israel combination. a forward looking infrared sensor. brand new system bolted on to this airplane worked like a c

army decided to use some of it to manufacture munitions and armor plating. dug roxy's depleted uranium quite simply as a nuclear weapon and yes it is it's solid radioactive waste as chemically toxic it's radioactive radioactive for eternity it's a dirty bomb and yeah it is i always call it nuclear for what it is it's nuclear waste used to kill and destroy those contaminated air war soil and food that remains there to cause harm for eternity this weapon was used for the first time in iraq in one thousand nine hundred one at the time the u.s. army asked to inspect the tons of burnt down iraqi tanks destroyed by depleted uranium missiles this is measuring the contamination undestroyed know as a result of his team were seriously contaminated by inhaling uranium dust today doug is one of the only survivors of that group i mean you can look at me i mean what i look like there was a lot different story early healthy and our bodies are stored nearly sick little me right there. and we were the best of the best all i for many morse not worth it too many people are sic

and they were carrying live munitions and were assigned escort duties. it was interesting that the organization they were from was the 149th fighter wing, that was president bush's old outfit when he was in the texas air national guard. one of the f-16s landed to refuel, the other assumed combat air patrol over the city. you knew when you looked up, saw that f-16 on that slow waiter, all around the bossier area, and it was armed, clearly had orders to shoot down any suspicious aircraft, and as soon as they fueled the other one up, the next one took position over the city. and they stayed over the city until air force one left, and then both continued the escort mission to the air force base. it was the knowledge, we see f-16s and military aircraft all the time in this region, but to know that one was on an actual combat air patrol over an american city, it really drove it home that this was anything but a normal day. >> i don't believe there was a time in its history that this base was as important in the life of this nation as it was that day. in all of

tense moments this afternoon as authorities had to blow up munitions. we spoke to the man who made the discovery. and the state capital, police are promising to arrest protesters who don't disperse. join us on bay area news at 7:00 on tv bay area news at 7:00 on tv 36. >>> next, a new restaurant and why there is a lot of hope about what the restaurant could lead to. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >>> san francisco mayor ellee welcomed a new -- ed lee welcomed a new restaurant today. it is one of a number of somersault businesses the city has been working to attract to that neighborhood. officials say the restaurant is the latest sign of positive things happening in the bay view. >>> mark is here now with sports. warriors, one night they could look awful and tonight they looked good. >> yesterday they scored 35 poi

an effort to process many thanks for considering we have advanced weapon systems with perception munitions and we take care in matching the appropriate ordinance to produce the desired effect on a target. that the foundations for the new world order will aid in the middle east in one thousand nine hundred one following the first call for the us established a permanent military presence in the middle east what's like it had done fifty years earlier in europe in the station. the true consequences of this policy would be seen only ten years later in two thousand and one was some of bin laden cited the us military presence in his homeland saudi arabia as a reason for his hatred of the united states. in a curious twist of fate the nine eleven attacks and america's military response paved the way for the birth of new military bases in iraq and central asia first and foremost in afghanistan. the relationship between bases and war is a hand in glove relationship bases most of the us bases i would say the majority are the result of war they are the booty or loot of war in the sense that they were c

we carry up to ten different munitions on this particular jet ranging from unguided weapons, so gravity weapons that just free fall out of the bombay ba to guidedgps, guided weapons, jdam and we carry airisles so a whole bunch of modern weaponry goes on this jet. eight engines. each engine is capable of producing approximately 17,000 poundsapiece. it's kind of an abnormal design. most aircraft don't have the engine hangs off like this as you see. when you push the power up, the jet will have a tendency to raise its nose. this is the bomb bay. 488,000-pound gross weight. as we add weapons, it reduces the amount of fuel we can carry. we can carry up to approximately 50,000 pounds of weapons inside the bomb bay here. these are the bomb racks. so, this is where the weaponsac. typically in this configuration we're carrying gravity weapons but we can carry depending on the weapon 27 internal gravity weapons d nuclear mission is required or, you know, conventional mission, we have the conventional air launch cruise missiles or the nuclear cruise missiles. we'll take these cluster rack out and

allender used a common image of the v for victory symbol used to encourage work in munitions factories and gave it her own twist. may we not suggest victory? and another connection to jailed women with an inset poster that reads "mr. president, what will you do for women suffrage?" allender's covers challenged the prevailing notions about male protection and security, but she did so within the racial constraints of the progressive era. her covers show white reformers, white workers, white children, and the men with whom they resist such as the police officers and sailors are white. the railroad porter in this cover is not. the suffrage movement was plagued by racial animosity and prejudices like all elements of society in this era. allender did not give attention to the plight of african-american women who feared for their lives because of their race, nor did she highlight the injustices endured by american indian women forced to live on reserves or asian women kept from reuniting with their husbands because of immigration restrictions. instead, she drew scenes of white women enduring,

western siberia this secret munitions factory became public knowledge after the fall of the soviet union. special capsules known as the kremlin pill will make my hand exclusively for the top brass. the health of the leaders of the soviet union was always shrouded in secrecy. private doctors looking after them at a very risky job for their very lives not just their careers were at stake. lenin and of the soviet union from nine hundred sixty four through nine hundred eighty two in one thousand seventy six regime suffered clinical death. estonia and atherosclerosis died on november tenth one thousand nine hundred eighty two from heart failure. during precious reign the term trend in medicine with quite special significance the average age of the politburo as members was around eighty the country's leaders constant medical attention that's why doctors went through a special procedure to be selected for work at the facility. but i had been under some form of surveillance my mom died back in nineteen forty six when i was born. when i was getting a job or they even wanted to know the number of

they send munitions. and they send an enormous kgb contingent. they help organize and train the various brigades and this effort really impresses ernest in spain. he decides and says it a few times. you can also find it in "for whom the bell tolls," the only way we'll win this war is by accepting communist or soviet discipline. he doesn't necessarily say he believes in communism or soviet russia but he believes that the discipline that they imposed in spain was the only chance to win that war. now, ernest is wearing blinders when he's saying this because as time goes on in the spanish civil war, the soviets and the kgb are undermining the republic they're there to help and among other things steal all of its gold. give it to us for safe keeping and take the part we need to pay for the arms that we're sending you but they take it all and stalin has a party when it gets to -- when it gets to russia on ships going through the mediterranean to odessa. he has a wild party and says, hey, if they think they're ever getting this back, they're wrong. anyw

we carry up to 10 different munitions on this particular jet ranging from unguided weapons, gravity weapons as they just freefall out of the bombay. to guide the weapons, that's your gps guided weapons, and we also carry air launch cruise missiles. a whole bunch of modern weaponry goes on this jet. eight engines, each engine capable of producing approximately 17,000 pounds of thrust apiece. it's kind of an abnormal design. most aircraft don't have the engines hanging off like this as you see. it really affects a little bit the flying characteristics of the jet in terms of when you push the power up, the jet's going to have a tendency to raise its nose. this is the bombay. 488,000 pounds gross weight. so as we add weapons, it reduces the amount of fuel we can carry. we can carry up to approximately 50,000 pounds of a weapon inside the bombay here. this is where the weapons attach. we can carry depending on the weapon 27 internal gravity weapon and if the nuclear mission is required or, you know, conventional mission, we have the conventional air launch cruise missile or the nuclear cruise mi

i can talk in closed session on precision munitions and will be more than happy to talk about that and some of the other capability gaps we have. >> very good. we talk about conventional capabilities, missile threats. let me ask about this. we made a significant investment in special operations forces and also asymmetric warfare capability. let me ask you, are we properly positioned from a resource standpoint in that region with our special operations forces and asymmetric warfare capability? and if not, dwhoot we need to do and what do you see as the major threats on the special operations and asymmetric side? >> first off, with the -- in regard to the special operation forces, we have the special operations command there that works side by side with the rok special operating forces. the roks have a very good force. we're working with them to continue to improve that. so if we go to war tonight, that's what i have. and in addition to what would be flown in from u.s. socom. so we're working with the department on those unique capabilities in regard to u.s. capabilities for soft platfor

. ♪ call 1-800-steemer >> jeff: disaster in the republic of congo, an explosion at a munition dump killed200 people. the blast rip add part a neighborhood in the capitol brazzaville. hundreds more were hurt. the explosions broke windows up to three miles away from the blast site. hawaiia kilauea volcano has wiped a nearby neighborhood off the map now. for years lava has cent into the community of royal gardens destroying homes one by one. now the place where 200 used to live is gone. the last resident was evacuated just before molten rock destroyed his home. the girl scouts of america mark their 100th anniversary later this month and among those joining the celebration is 111-year-old those joining the celebration is 111-year-old amelia millie england of new bedford, massachusetts. we noticed this today, she joined her local troop back in 1914. and still considers herself a scout. >> still ahead here, looking backward to save young lives. [ speaking in japanese ] yeah, do you have anything for a headache... like excedrin, ohhh, bayer aspirin... ohh, no no no. i'm not having a heart attack

fueling the flames of violence, particularly the iranian influence of training, supply weapons, munitions. which groups are they working with? where in the country? what is iran's goal? >> they have operated primarily or worked with the taliban elements in the west. that is the only area in which we have seen the presence of support to the taliban. our sense is that iran could do more, if they chose to, but they have not. we watch the activity and the relationships very closely. there's an ancient relationship between the persian people of iran and the afghan people. in fact, today is the beginning of the persian new year. there is real potential common ground between our objectives and iranian objectives with respect to counternarcotics, arms, smuggling, human trafficking. there are a large number of afghan refugees in iran. interest the there is the potential to cooperate in iran, or afghanistan, excuse me. i know they have a long relationship. it's a national relationship that president karzai pointed to on a number of occasions that could benefit afghanistan over the long term. the tr

we carry up to ten different munitions on this jet, ranging from unguided to weapons, so graet weapons. they freefall out of the bombay, to guided weapons. that's your gps-guided weapons, and we also care air launch cruise missiles. a whole bunch of modern weaponry on this jet. eight engines. each is capable of producing 8,000 pounds of thrust apiece. most aircraft don't have the engines hanging off like this. it affects the flying characteristic of the jet, in items of when you push the power up. the jets have a tendency to raise its nose. this is the bomb bay. it reduces the amount of fuel we can ware. we can carry up to 55,000 pounds of weapons. this is the bomb rack. this is where the weapons actually attack. typically in this configuration we're carrying gravity weapons but depending on the weapon we can carry 27 internal gravity weapons. and if nuclear mission is required or conventional, we have conventional air launch cruise missiles or nuclear cruise missiles. we take their cluster racks out and put in a csrl, and it rotates drops one out and missile away. the fuel's loaded an

. >> the bean bag munition tells me this officer that fired it intended to fire at scott. >> the oakland chief would not confirmed firm what hit olsen and part of the mutual aid. >> those investigations related to occupy are personal investigations some are criminal investigations. and wire not in a position to comment. >> some experts questioned the use of bean bags as a method of crowd control. >> they're a defense tool for officers and whether safety is in jep die when you pose a threat to oakland police? >> no. i wasn't. i was just standing there. >> he still has newer logical problems related to this injury, including difficulty speaking and he says he doesn't want anyone else to go through the same thing. >> i want to see justice not only for me, but the community. >> they confirmed they will be filing a lawsuit against the police and city for substantial financial damages. in oakland abc 7 news. >> and the emeryville police department is asking for help finding a man they call armed and dangerous wanted for a pair of robberies. this is the 30-year-old and police believe he may be

gnome for the reasons of moving those kinds of munitions, but the psychology of controlling a proxy statewill do anything, which is why it's difficult to say in three or four weeks this thing will come tumbling down. not quite sure, this is some we have seen, mainly because you had this strong external force who had that iron-fist grip, who is willing to spend money, weapons and blood of the syrians, by the way, not of themselves, of the syrians to hold onto power. that's that mix-up in the equation. we're just not sure how we'll get through right now. >> there's been some confusion lately about what the assessment is about iran and its supposed effort to try to bet a nuclear bomb. is there hard evidence that the iranians are trying to assemble or build a nuclear bomb? >> i think it's all about parsed words here. there are three different ways they have to get there. they have to develop the missile system. they have to have enretch mint capable to enrich the uranium, so that it's weapons grade that can form and build a nuclear device, and they have to figure out how to weaponize it, how

fire officials say the fire started in the home's garage where gunpowder and am munition were being stored. no word what caused that fire. >>> former top vice officer is facing new accusations from a woman who ran a brothel. there are reports he received money from the owner. he reportedly get weekly payments and protect the business from raids. his lawyer declined to address the new claims. in august he was indicted by a federal grand jury on corruption charges in connection with the brothel. >> a judge ruled today that some sections of a report on the controversial pepper spray incident can be released to the public. paul chambers tells us why the police union is trying so hard to keep certain parts of that report private. >> reporter: today's court ruling surrounds this incident which happened in november of last year. a police officer pepper sprayed a crowd. since then attorneys representing the officers say one of their clients has received numerous threats. and in a way to protect the other officers they are asking to keep the report sealed. sdmr not to try and avoid releasing the re

fire officials say the fire started in the home's garage where gunpowder and am munition were being stored. no word what caused that fire. >>> former top vice officer is facing new accusations from a woman who ran a brothel. there are reports he received money from the owner. he reportedly get weekly payments and protect the business from raids. his lawyer declined to address the new claims. in august he was indicted by a federal grand jury on corruption charges in connection with the brothel. >> a judge ruled today that some sections of a report on the controversial pepper spray incident can be released to the public. paul chambers tells us why the police union is trying so hard to keep certain parts of that report private. >> reporter: today's court ruling surrounds this incident which happened in november of last year. a police officer pepper sprayed a crowd. since then attorneys representing the officers say one of their clients has received numerous threats. and in a way to protect the other officers they are asking to keep the report sealed. sdmr not to try and avoid releasing the re

. >> and what would the trigger be for the u.s., either provide the munition, in mega bomb or any othert know how many we're supplying now, i assume we're in a cooperative relationship. what would be the trigger for us to call upon this? >> well, what the iranians are doing is they're acquiring nuclear capability and the most significant aspects of it is the enriched uranium. and when they get to that to high enough stock pile and enrichard nuture. right now about 20%, they can rapidly assembly a bomb. here is the issue, you know, we look at that and say there's x amount of time left and the israelis look at it and they worry that they are he' running out of time and that's really what is at the center of the issue here. the israelis facing a potential nuclear holocaust are not going to take as much risk. we're willing to make more risk than the israelis are. >> jamie: what i'm hearing you say, it's not as much waiting for the fact that iran has acquired a nuclear weapon, looking at the totality of the fact that they're gathering and enriching elements that could quickly produce one and

our defense bill this year will reflect the appropriate resources for things like bunker-busters, munitionseasures for mines and appropriate sensor and intelligence platforms. we will continue to focus heavily on countering systems like iran and china would use to deny free transit to the international community. my obligation as chairman is to insure that the president uses the military option against iran and that option is a credible one. what happens to the world economies if we cannot ship strategic resources out of the persian gulf? what happens if we cannot stop iran from closing the strait of hormuz? there are too many trouble spots in to many regions for us to abandon the two conflict strategy. the first round of cuts forced us to abandon the defense, on doing the military defense in the budget control act and that will allow us to return to that proven strategy. the third and final pillar is to restore a military chewed up from 10 years of fighting. this is the longest war we have had in our history. when the increase defense spending during the bush years, we spend money on thing

nearly 20 years ago a contractor found munitions from world war i buried in the neighborhood. >>> d.creleased its new budget proposal for the year. the $9.4 billion budget is balanced with no new taxes or fees, but it does come with some cuts in services to close what would be a very large budget gap. some of the biggest issues on the budget are streetcars, street cameras and crime scene investigators. fox 5's bob barnard has all the details. >> these are some very difficult choices we have before us and none is he's yes. >> d.c. mayor vincent gray unveiled -- easy. >> d.c. mayor vincent gray unveiled his budget at a meeting at the wilson building this morning. >> despite the prosperity of 2011 with a surplus it doesn't help us at all going into 2013. >> there is a ton of money for school destruction, 203 million just for the modernization of district high schools. there's a million bucks to fix up another $350,000 to maintain the historic lincoln thereto street. there's nearly $3 million to -- theater on u street. there's nearly $3 million to fix up the system. the budget proposal wo

the army corps of engineers says it has found more than 500 munition items, 400 pounds of laboratorye than 100 tons of contaminated soil on this property. the corps plans to build an enclosure when they evacuate the basement of this home and they plan to turn the property back to american university next year. >>> still ahead how facebook is trying to protect your information from your boss. >> i'm sorry this happened to you. i'm here to help you any way i can. >> reporter: and "hunger games" hysteria. the views are in and the movie, did it live up to the hype. >>> a pretty good day. temperatures reached 81 degrees one of the warmest we've seen but the rain is moving in and this picture right here, a gorgeous picture looking a people! look at you! texting...blogging... all this technology, but you're still banking like pilgrims! get high yield free checking at capital one bank. why earn bupkis, when your checking could earn five times the national average!! and free atms anywhere. five times the national average!!! that's new school banking. sign up for high yield free checking at a

light munitions. unfortunately, numerous studies have shown the residents have higher rates of cancer and other illnesses than residents of mainland puerto rico. raising serious questions about whether there may be a link between those health problems and the island's military training. in december, the agency for toxic substances, an agency within h.h.s., released a report that addresses whether there is evidence of causal relationship between the identified health problems and the navy's activities. they examined five pathways through which residents of viequez might have been exposed to harmful contaminants, air, soil, fish, livestock, and drinking water. the conclusion reached in the draft report is generally the same as the conclusion reached by the agency with series of controversial health assistments it conducted about a decade ago, specifically that the available data does not establish that the contaminants in this pathways, some of which can be linked to military activities, were at levels

no, i don't think it is too much for one individual given the firepower and the lethality of the munitions that we have in afghanistan. so i think this could have been done by a single individual and since we have of prehended one individual and there have been some accounts saying that he has admitted what he did, i doubt there are two individuals. but we have seen it before. we saw it at ft. bragg when we had the psychiatrist go around and kill any number of people. it is possible for one individual to have done this. >> this particular base has been the spot where other soldiers apparently have snapped for lack of a better word. isn't that correct? >> it is. we had the five individuals who were tried for what can only be termed killing just for killing. and then taking body parts as well. but they were not from the same unit, they were merely based in washington. i don't think that this indicates that there is some gang of criminals from that base. this is just unfortunate that it came from the same base, even more unfortunate that they're all americans. >> 12 suicides, i believe, at th

some have suggested that it is too deeply buried for munitions to be able to take it out in an air strikecase? maybe not. some new info on what could be done. >> i do not expect that either i or anyone else will engage in speculation about how we might react should something or other happen in the future with regard to iran's program. so i think you'll hear from us a very consistent message. we can start losing muscle -- 8% every 10 years. wow. wow. but you can help fight muscle loss with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and protein to help protect, preserve, and promote muscle health. keeps you from getting soft. [ major nutrition ] ensure. nutrition in charge! jenna: a quick update on the shutdown of the philadelphia airport. we're now getting an idea of what exactly happened at that airport earlier today. apparently a man just drove his truck right on to the runway, being chased by police. broke throu

flames of violence, particularly the iranian influence of advising trainees, supplying weapons, munitions. which groups are they working with? where in the country? what is iran's coal? >> they have operated primarily or worked primarily with the taliban elements in the west. that is the only area in which we have seen the presence of support to the taliban. our sense is that iran could do more if they chose to. but they have not, and we watch the activity and relationships very closely. there's an ancient relationship between the persian people of iran and the afghan people. in fact, today is the beginning of no ruse which is the persian new year. there is real potential common ground between our objections and ironic objections with respect to counter-narcotics, arms smuggling human trafficking. there are large number of afghan refugees in iran. there is potential for common ground for us to cooperate the ultimate in the long-term benefit of iran. of afghanistan, excusing. by know that iran and afghanistan have a long relationship. it's a national relationship the president karzai has,

sustaining that for various reasons over time, restriking, et cetera and maybe even with respect to munitions themselves but like i say, i read a lot. i don't know whether it's true. i'm not the right person to answer that question. >> andrew pierre, global insights, i'm going to ask a very unfashionable question, picking up from some of bob's remarks. i interpreted your opening remarks to be moving very close to a military option and crossing that line, basically. i'm old enough to remember our concerns about india when it became a nuclear power and pakistan and even china. we learned to live with these three countries as nuclear powers. >> uh-huh. >> especially through a system of deterrence, a very unfashionable word these days. but i'd like to pick up on that and ask why is it that we seem to close the option of having iran become a, quote, nuclear power, unquote, but not supporting the notion that deterrence might still work in terms of it doing anything, sure, it might concern the saudis and others and fundamentally israel, but israel has 80 to 100 nuclear weapons and ultimately, in my

reflect appropriate resourcing for things like bunker buster munitions, countermeasures for mines and appropriate sensor and intelligence platforms. we will continue to focus heavily on countering systems like iran and china would use to deny transit to the international unity. my obligation as chairman is to ensure that if the president uses the military option, against iran, that option is a credible one. because what happens to the world's economies if we can't ship strategic resources out of the persian gulf? what happens if we can't stop iran from closing the strait of hormuz? there are too many trouble spots in too many regions for us to abandon the two conflict strategy. because the first round of cuts forces us to abandon the to war defense, undoing the military reductions in the budget control act, would allow us to return to that proven strategy. the third and final pillar is to restore a military chewed up from 10 years of fighting. it's the longest war we have had in our history. when we increase defense spending during the bush years we spent money on things like body arm

secondhand, most of it from what i got, but how difficult it will be, whether they actually have the munitionso be capable of destroying these bunkers. >> all rational issues at the same time that the trade up to $1.28 plus on brent yesterday showed the willingness of the market to believe it could happen. for us, that's all that matters. >> there i was great piece this morning, a lot of great op-eds this morning, the tim geithner, underneath it is one overlooked by robert mcfarland, a security adviser under reagan, talking about the need to do natural gas. keep coming back to this theme that we could become more energy dependent and safer but natural gas say bridge fuel that is suspect by a lot of people, howard hamm was lukewarm on that, he is a regular crude man. can't forget that. >> we got to talk about yelp here, pricing its ipo, 15 bucks a share, well above the expected range of 12 to 14. and values the company at just about $900 million. this morning the business review website will begin trading here at the nyse under the ticker symbol yelp. the company's co-founder and ceo jeremy sto

our defense bill this year will reflect appropriate resources for things like bunker buster munitions, countermeasures and appropriate sensor and intelligence platform. we will continue to focus heavily on countering anti-access systems like iran and china would use to bring transit to the international community. my obligation as chairman is to ensure that if the president uses the military option against iran, that option is a credible one. because what happens to the world's economies if we can't ship a strategic resources out of the persian gulf? what happens if we can't stop iran from closing the strait of hormuz? there are too many trouble spots in too many regions for us to abandon the two conflict strategies. because the first round of cuts forces to abandon the undoing reductions in the budget control act would allow us to intern for their proven strategy. the third and final pillar is to restore a military chewed up from 10 years of fighting. is the longest war we have had in our history. when we increase defense spending during the bush years we spent money on things like b

ended the depression which led to a sharp drop in unemployment as people were put to work building munitionsnd serving the home front. when of the aspects of wars is how wars finance, and normally they are substantial by borrowing. this is not a surprise. u.s. national debt was built up quite substantially during world war ii debate for the war, and the fed in cooperation with the treasury used its ability to manage interest-rate to keep interest rates low so as to make it cheaper for the government to finance world war ii. that was the role of the fed during the war. after the war ended, the debt was still there. but government was still worried about paying the interest on the national debt, which was a very high level. there was pressure on to the fed to keep interest rates low even after the war, but there was a drawback to that which is if you keep interest rates low even if an economy is recovering you are risking overheating the economy. you are risking inflation. by 1951, the fed was concerned about inflation and prospects in the united states, and after a series of negotiations, the

ended the depression which led to a sharp drop in unemployment as people were put to work building munitions answer been the home front -- and serving the home front. when of the aspects of wars is how wars finance, and normally they are substantial by borrowing. this is not a surprise. u.s. national debt was built up quite substantially during world war ii debate for the war, and the fed in cooperation with the treasury used its ability to manage interest-rate to keep interest rates low so as to make it cheaper for the government to finance world war ii. that was the role of the fed during the war. after the war ended, the debt was still there. but government was still worried about paying the interest on the national debt, which was a very high level. there was pressure on to the fed to keep interest rates low even after the war, but there was a drawback to that which is if you keep interest rates low even if an economy is recovering you are risking overheating and the company -- overheating and economy. by 1951, the fed was concerned about inflation and prospects in the united states, and

our defense bill this year will reflect the appropriate resources for things like bunker-busters, munitions, countermeasures for mines and appropriate sensor and intelligence platforms. we will continue to focus heavily on countering systems like iran and china would use to deny free transit to the international community. my obligation as chairman is to insure that the president uses the military option against iran and that option is a credible one. what happens to the world economies if we cannot ship strategic resources out of the persian gulf? what happens if we cannot stop iran from closing the strait of hormuz? there are too many trouble spots in to many regions for us to abandon the two conflict strategy. the first round of cuts forced us to abandon the defense, on doing the military defense in the budget control act and that will allow us to return to that proven strategy. the third and final pillar is to restore a military chewed up from 10 years of fighting. this is the longest war we have had in our history. when the increase defense spending during the bush years, we spend mone