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Good morning as Chairman . It's my

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responsibility to work with the Joint

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Chiefs to ensure that the Armed Forces

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of the United States keep America

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immune from coercion . The strategy

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just described by the President and

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Secretary of Defense enables us to

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fulfil that responsibility . It

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sustains the sacred trust put us put in

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us by the american people to defend

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them in our country . This strategy

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emerges from a deeply collaborative

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process . We sought out and took

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insights from within and from outside

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the Department of Defense to include

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from the intelligence community and

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other governmental departments . We

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weighed facts and assessments , we

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challenged every assumption we

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considered a wide range of

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recommendations and counter arguments .

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I can assure you that the steps we have

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taken to arrive at this strategy

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involved all of this and much more .

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The strategy also benefited from an

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exceptional amount of attention by our

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senior military and civilian leadership

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on multiple occasions . We held all day

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and multi day discussions with service

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Chiefs and combatant commanders . The

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service chiefs who are charged with

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developing the force for this strategy

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were heard early and often the

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combatant commanders charged with

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executing the strategy all weighed in

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time and time again . And we were all

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afforded extraordinary access to both

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the President and the Secretary of

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Defense frankly , the breadth and depth

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of dialogue to arrive at today's

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strategic choices was both necessary

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and noteworthy . Today , we're here to

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discuss the broad contours and central

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choices of this strategy , but this is

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not the end . Rather , it's a waypoint

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in a continuous and deliberate process

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to develop that joint force for 2020

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that the secretary just described .

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There are four budget cycles between

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now and then each of these cycles

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presents an opportunity to adjust how

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and what we do to achieve this strategy

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in the face of new threats in the

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context of a changing security

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environment , it's a sound strategy .

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It ensures we remain the preeminent

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military in the world . It preserves

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the talent of the all volunteer force .

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It takes into account the lessons of

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the last 10 years of war . It

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acknowledges the imperative of a global

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networked and full spectrum joint force

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and it responds to the new fiscal

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environment though , as a learning

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organization , it's important to note

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that even if we didn't have fewer

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resources , we would expect to change

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as a consequence . It calls for

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innovation for new ways of operating

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and partnering . It Rebalances are

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focused by region admission . It makes

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important investments as the Secretary

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noted in emerging and improving

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capabilities like cyber and special

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operations . Now there has been much

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made and I'm sure we'll be made about

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whether this strategy moves away from a

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force structure explicitly designed to

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fight and win two wars simultaneously ,

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fundamentally . Our strategy has always

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been about our ability to respond to

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global contingencies wherever and

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whenever they occur . This won't change .

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We will always provide a range of

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options for our nation . We can and

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will always be able to do more than one

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thing at a time . More importantly ,

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wherever we are confronted and in

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whatever sequence we will win , we do

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accept some risk in this strategy as

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all strategies must because we will be

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somewhat smaller . These risks will be

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measured in time and in capacity .

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However , we should be honest , we

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could face even greater risks if we did

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not change from our current approach ,

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I'm pleased with the outcome . It's not

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perfect . There will be people who

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think it goes too far . Others will say

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it didn't go nearly far enough . That

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probably makes it about right for today .

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It gives us what we need in this world

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and within this budget to provide the

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best possible defense for our nation at

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a time of great transition . It

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prepares us for what we anticipate . We

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will need in 2020 . This is a real

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strategy . It represents real choices

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and I'm here today to assure you that

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it has real buy in among our senior

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military and civilian leadership . This

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is not the strategy of a military in

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decline . This is a strategy and a

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joint force on which the nation can

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depend . I want to wrap up by saying

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just a couple of words about leadership .

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It's always important , but it's

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absolutely essential during tough times

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and make no mistake . These are tough

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economic times and this strategy

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required some tough decisions . I want

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to thank President Obama and Secretary

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Panetta for their leadership throughout

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this process . The real test though ,

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will be an execution fortunately the

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young men and women who will be charged

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to carry out the lion's share of this

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strategy knows something about

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leadership to It's the very cornerstone

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of our profession , the profession of

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arms , and for the past 10 years they

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have done nothing but lead under the

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most difficult circumstances imaginable .

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And it's for that reason , above all

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others that I'm absolutely convinced

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and fully satisfied that this strategy

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will meet our nation's needs for the

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future . Thank you .

