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tv   Key Capitol Hill Hearings  CSPAN  February 10, 2015 5:00am-7:01am EST

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and here is my question. with some of the improvements in health care outcomes as with as cast save mistakes, we start to move forward and we see that nim
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sfloornld an this last round we
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have smeen reduction in proper payments, not onned sflorks he he so there are places some
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record returns specifically this is important to continue our
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efforts. we want to be helpful. let us know how we can do that. thanks and what we see is he families in zwrooxd with and we
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have increasing in that with nih. i think the question is beating it so we can have influence in the elements.
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i think this question b a brief
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answer if you could in terms
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sfloonltd any report-submitted no later than the eleventh. this hearing stands adjourned.
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the senate finance committee is holding another hearing on the u.s. tax code. the witnesses are former senators bob packwood and bill bradley. both of whom had a role in the 1986 tax deal lfrn deals with
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the plan. >> keep track of the republican head congress and follow new members through its first session. new congress, best access on cspan, 2, radio and cspan.org. >> president obama met to discuss the ongoing conflict in ukraine. the white house is considering optioning ukraine backed authorities has that was asked about the tchbl offensive
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operations but to simply defend itself. the president has been very clear. he's not interested in escalate escalating violence he's interested in having the unt reasonable
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reasonable. we are not looking for russia to being to be confident. they can be a part and that's
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what we will continue to do. >> on our facebook page we're asking do you think the west should arm ukraine against the western backed rebels. mary says yes this is one area that will actually benefit from our help. >> carolyn writes we do no have sup sflorngds opinion sfwloorjds
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he wants us to owe more and more and more stuck with deficits and debt as far as the eye can see s. incidentally i don't like the word deficit. it gets confused with overspending. it he has already imposed during
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his pregnancy, i can tell that you nothing about sfwlorkd b tw
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stwrookd that's something that everybody in america is going to owe. the child boorn sfwloornld b
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sfwloorjtds and successful future is theres all over the country. s did not too late to join us and make the future brighter by submitting a zblanld zwramd that
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means we exceeded the time that we guaranteed that we would pay for them. last year we had to vote on $1100 billion in spending. 1100 billion, i think it's more thannest than thannest snoornld.
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instead of having a record breaking $1.4 trillion deficit as we did when bush left office in january of 2009, the deficit has been cut by more than 2/3rds. 6 years ago the world's financial system was on the verge of collapse, today that is certainly not the case. while we can be proud of what we have accomplished in the last six years nks a lot of very bad news kmour kited.
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zmornltds we do not talk about this issue but youth unemploimt and that mean earns less than he did 42 years ago after adjusting for inflation.
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the female worker makes $1,300 less than she did he in 2007. we continue to have the highest rate of childhood poverty of any major country on earth. in the midst of this tragic decline of america's middle class, there's another reality. i want to make this that is that the large hoorpgs wults the food today has any mr we are than any time since the great depression. today, incredibly, and witnessed
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an enormous transfer of wealth from the top 1% to the middle class taking from the working poor and giving to the very
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wealthy. the share of the wealth sflarnlt while continues zbroonld where with sfwloornld and
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strengthening social security, medicare, medicaid, we need a budget that creates millions of jobs, raises wages makes claej fordable and demands that the wealthiest pay their fair share.
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with profits at an all time high the is at the right thing to do. when real unemployment is at 11%, investment in our infra
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infrastructure pays absolutely nothing. there 20. let's get to work. >> thank you senator sanders, lemt sfloofrmtds as a
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lemt. director director donavam holds both degrees in architecture from harvard. directed director donovan, we look forward to what you have to say. he will take about ten minute members of the committee, thank you for being themes and
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sfrarnltd and i hope that it comes after a break through year for america including the fastest fastest this means helping working families by making their paychecks go come. the budget shows that we don't have to choose between investing in the middle class and being fiscally responsible of the first, i proposes to skb of
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smart spending dut b zpksdomestic side adjusting this for inflation, the budget supports cutting edge research like precision medicine, efforts to cut antibiotic resistant and understanding the human brain. after cutting the brain to the lowestful opinion but zblourjds
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in the face of an ageing population building on rates
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having already significantly improved our fiscal outlook including $400 billion in grow lig financialed raising 1 zwrourjsds rezwroirngsds and.
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thank you and i'd be glad to take your questions. wow. you didn't even come close to seven minutes. >> i'm under my budget. >> we do appreciate that. we will turn to questions. last week when the cbo director elmondorph testified, he it a good job simply answering the questions asked by senators so i had wphed as much asked and answered as possible. i will alter recognition between republican and democrated zbrmd
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recognize nebs nbsz snksz rand with that director i will begin with my first question. you testified that stabilizing the debt as a share of the economy is putting it on a declining path is the key test for fiscal sustainability but that still goes up every year in the presidential dollar change and the economy. i don't think people understand gdp even though we're getting record revenue, why is it a sufficient goal to merely tread water on a debt of a share of gd
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gdp. >> sorry. thank you. i apologize. i think like any family in america the key way they think about their finances is based on what they earn. so gdp is really a measure of what this country earns, the size of our economy and most numbers think of sharing this as a correct no doubt testify tp we show debt growing to almost 81% of gdp so with this $1.8 trillion of deficit reduction that our budget would achieve we actually help to not just
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stabilize but also begin to bring down the debt by the end of the window and that is a substantial difference from our current path. >> in looking at it, the president low.to secure the middle class, we need to pay down the debt and that's not possible with overspending this large. can we pay down the debt without balancing the budget? >> again, senator arch the key metric for fiscal sustainability is able
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isable isable and over a 25 year window. i think what we recognize is a real dem stwroxd anddemonstrate and focus on health care he can us.
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>> many believe what is best for the future is to skblounlt tax trade and received tax refunds of $72 million. i think the president's budget begins to address some of these issues. can you talk to us about whether
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or not it is appropriate that one large major profitable corporation paid zero in federal income taxes? >> well, senator i think we can all agree on a bipartisan pace is basis that our current tax code is more complicated than it needs to be and it has a broad range of loopholes that create not just unfairness across companies but also frankly make our economy less efficient and poled backeconomic growth and+++ m
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