MCCAIN: One area I wanted to mention that I think consumed a lot of our conversation on procurement. It was the issue of cost overruns and the Defense Department. We all know how large the defense budget is. We all know that the cost overruns, your helicopter is now going to cost as much as Air Force One. I don't think that there's anymore graphic demonstration of how good ideas have cost taxpayers enormous amount of money. So the -- we will and I know that you've already made plans to try to curb some of the excesses in procurement. We really have to do that. We're going to have to pay for Afghanistan as you well now and we're not done in Iraq, but most importantly, we have to make some tough decisions, you, Mr. President have to make some tough decisions, not only about what we procure, but how we procure it...

OBAMA: This is going to be one of our highest priorities. By the way, I've already talked to [Defense Secretary Robert] Gates about a thorough review of the helicopter situation. The helicopter I have now seems perfectly adequate to me. Of course, I've never had a helicopter before. You know? Maybe -- maybe I've been deprived and I didn't know it. But I think it is an example of the procurement process gone amuck and we're going to have to fix it. Our hope is that you, Senator Levin and others can take leadership on this and one of the promising things is, I think Secretary Gates shares our concern and recognizes that simply adding more and more does not necessarily mean better or safer and more secure.