Panel 2: At What Cost? (Procurement/Defense Budget) Paper: Frank Hoffman, Research Fellow, Center for Emerging Threats and Opportunities, Marine Corps Combat Development Command, and Senior Fellow, FPRI Commentators: Mackenzie Eaglen, Senior Policy Analyst for National Security, Heritage Foundation Christopher Preble, CATO Institute Moderator: Michael P. Noonan, Director, National Security Program, FPRI The second panel at the Foreign Policy Research Institute's (FPRI) “Defense Showstoppers: National Security Challenges for the Obama Administration" conference held at, and cosponsored with, the Reserve Officers Association in Washington, DC, on February 12, 2009.