'America in the World' — The Last Speech by Secretary of Defense Robert Gates

The text is available from the Office of the Assistant Secretary of Defense (Public Affairs).

And at Wall Street Journal, "The Gates Farewell Warning: America can be a superpower or a welfare state, but not both":

Robert Gates, who steps down next month after four-plus years at the Pentagon, is making his retirement lap a tutorial on America's defense spending and security needs. His message is welcome, especially on Memorial Day, and even if he couldn't always heed it in his time as Secretary of Defense.

In a series of farewell speeches, Mr. Gates has warned against cuts to weapon programs and troop levels that would make America vulnerable in "a complex and unpredictable security environment," as he said Sunday at Notre Dame. On Tuesday at the American Enterprise Institute, Mr. Gates noted that the U.S. went on "a procurement holiday" in the 1990s, when the Clinton Administration decided to cash in the Cold War peace dividend. The past decade showed that history (and war) didn't end in 1989.

"It is vitally important to protect the military modernization accounts," he said, and push ahead with new capabilities, from an air refueling tanker fleet to ballistic missile submarines.

More at the link at top. The statistics on "entitlement overstretch" are staggering.