Dave McCormick: “We're spending 80 or 90% looking backwards on the past.”

“So 30 to 40% of what we spend, but they're spending 80% of what they spend. Looking over the horizon on the next generation things because they started with a very old military. We're spending 80 or 90% looking backwards on the past. as opposed. So they're actually spending more on the future than we are in dollar terms. So I'm accepting your point that we need to change what we're spending or how we're spending it, but we also need to increase what we're spending.” (08:15–08:21)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.