I'm not willing to give anybody a veto over whether it's in our security interest to attack or initiate an attack on Saddam Hussein. If we are threatened, if there's an imminent threat or an immediate threat against us, we obviously will use military force. But there is no immediate or imminent threat against us.

So then the question is, is it wise for us without the U.N. authority to initiate that attack? And it seems to me that there the risks are huge. We will be isolated in the world. A likely terrorist response would be even fueled if we proceed without U.N. authority.

BLITZER:There's an article in the New Yorker magazine by Seymour Hersh that's just coming out today in which he makes a serious accusation against you that you have a conflict of interest in this because you're involved in some business that deals with homeland security, you potentially could make some money if, in fact, there is this kind of climate that he accuses you of proposing.

Let me read a quote from the New Yorker article, the March 17th issue, just out now. "There is no question that Perle believes that removing Saddam from power is the right thing to do. At the same time, he has set up a company that may gain from a war."

PERLE: I don't believe that a company would gain from a war.(emphasis mine) On the contrary, I believe that the successful removal of Saddam Hussein, and I've said this over and over again, will diminish the threat of terrorism. And what he's talking about is investments in homeland defense, which I think are vital and are necessary.

Look, Sy Hersh is the closest thing American journalism has to a terrorist, frankly.

BLITZER: Well, on the basis of -- why do you say that? A terrorist?

PERLE: Because he's widely irresponsible. If you read the article, it's first of all, impossible to find any consistent theme in it. But the suggestion that my views are somehow related for the potential for investments in homeland defense is complete nonsense.

BLITZER: But I don't understand. Why do you accuse him of being a terrorist?

PERLE: Because he sets out to do damage and he will do it by whatever innuendo, whatever distortion he can -- look, he hasn't written a serious piece since Maylie

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