. >> reporter: but conservatives like doug holtz-eakin are not worried. >> congress has never shown any great desire to cut, and i live for the moment when a congress cuts so much that it endangers the recovery. >> reporter: holtz-eakin, a former director of the congressional budget office, points out government spending cuts take time to work through from congressional action to actual cuts in spending by federal agencies. that may delay the economic impact of a debt reduction agreement. and holtz-eakin says cutting the deficit will actually bolster business confidence battered by concerns about unsustainable federal debt. >> you're taking off the table a sovereign debt crisis. you're fixing the greatest threat to the business community, and maybe they come and help. so you might lose over here, but you win big on the other side. >> reporter: but this is a balancing act-- get it right and the economy may get a new boost of confidence; get it wrong and a slow recovery might turn into another recession. darren gersh, "nightly business report," washington, d.c. >> tom: here's what we're w

zimmerman to shea holtz, huff scores, a double for cher holtz and the giants take a 1-0 lead.p of the third we go, the nationals get things going. desmond flares one to center, advancing to third. desmond winds up on second. right now, in the fourth, the nationals are leading 2-1. >>> in baltimore, buck showalter having to shuffle his lineup against the a's. one of the moves was jj hardy to the leadoff spot and he delivers. a solo blast to left to start the game for the orioles. they hit three solo home runs tonight, what they're supposed to. reliever krik jack boss cass making a spot in the fourth. the bat goes into the seats. everyone was okay, though. jack boss cuss strikes out five in five. the orioles blank the a's. the oriole[ man ] i got's. this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what

opposing views from alice rivlin and douglas holtz-eakin. [ cherie ] i always had a job, ever since i was fourteen. i could not make working and going to school work. it was not until the university of phoenix that i was able to work full-time, be a mom, and go to school. the opportunities that i had at the university of phoenix, dealing with professionals teaching things that they were doing everyday, got me to where i am today. i'm mayor cherie wood, i'm responsible for the largest urban renewal project in utah, and i am a phoenix. [ male announcer ] find your program at phoenix.edu. each day was fueled by thorough preparation for events to come. well somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. which meant she continued to have the means to live on... even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. [ male announcer ] breathe, socket. just breathe. we know it's intimidating. instant torque. top speed of 100 miles an ho

sanchez scores and so does shear holtz. and then brandon crawford, what a story for him.making his home debut. his mom and his family doubles off the bottom of the foul pole. giants up 3-1. matt cain and doing what matt cain does best. as the family goes wild, strikes out ianetta and smoke for you. cane with seven strikeouts and seven innings work. wilson gets seth smith swinging. good night, game over and drive home safely. giants win it 3-1. the a's are visiting the red sox. a's up 2-0 and ellis and he dives and comes up empty. a's jump out to a 4-0 lead. he could not make it out of the third for oakland. david ortiz and a double off the green monster. he tie itself up at four apiece. to the fifth and tied at five. a single to right and his second r.b.i on the night, but they can't close it out. in the eighth and he is taking him deep and gone and that is it. a's lose it 8-6. joe caw very much was the hottest tennis player on the planet until he ran into roger federer in the semifinals. he had won 43 straight matches. in trouble early though. bottom of your screen and i

in baseball, a walkoff home run. 11th inning, albert hugh holtz cracks a long homer to left. this gave the cards a 3-2 victory over the cubs. pujols did this on saturday, too. he's only the 11th in history to hit two consecutive game-ending home runs. at the french open, raf yael nadal won his sixth men's final on the clay in paris. and finally, plaxico burress gets out of prison today. he accidentally shot himself in the leg. burress will try to get back in to pro football, but he'll have to wait for the nfl labor dispute to be settled first. >>> when we return, another look at this morning's top stories and the newest and youngest star on the new york art scene. you have got to see to believe it. ♪ [ beep ] [ beep ] [ beep ] ♪ [ beep ] [ male announcer ] find an italian masterpiece in your grocer's freezer. buitoni shrimp and lobster ravioli with garlic butter sauce. simple ingredients, artfully prepared. winner of 2011 product of the year. buitoni. create an italian masterpiece. on display in the freezer section. >>> here's a look at today's weather. northern plains will g

with two outs in the ninth, nato sher holtz with a huge hit.anny burris comes in to tie it at 5-5. in extras, he does it again. this time it's freddie sanchez scoring. the giants added one more. then it took 16 minutes to get the final out with a lighting malfunction. but the key moment eventually arrived with a groundout. brian wilson with his 15th save. 7-5 giants win in 11. they come home for a weekend series against the rockies. the ownership of the as recently is getting to be a touchy subject in oakland. today a reversal of fortune was the plan, trying to beat the yankees for the first time in 10 meetings. bottom one, good start. willingham gives oakland the lead with his team-leading 10th home run. the two-run shot making it 2-1. but a former oakland outfielder got the last laugh. top four, nick swisher drills a three-run homer that would be the game-winner. the as have lost 10 straight to the yankees, the longest such streak since the mid 1950s. oakland swept at home after the 4-1 loss. >> no team should really have that kind of team ov

/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z/z hen tim lincecum didn't have it, nate shear holtzy had to overcome the cardinals and a late power outage. when you get four runs, it is almost a guaranteed win, but not tonight. aubrey huff busting out of his slump in a big way. it is his fifth homer of the year and puts the giants on top 4-3. the lead would not last. the pinch hit makes it 5-4 cardinals. the last five runs on 10 hits. the giants down to their last out and he delivers. a clutch single. he has stolen second and it is 5-5. we head to extras in the 11th. another two-out knock. and freddy sanchez to make it 6-5g-men. and grin wilson is just one out away from the save and suddenly the lights go out. there is a 16-minute delay on the first pitch after play resumed. they get craig to ground out to end it and the giants come back to win it 7-5 in 11. a's and yankees, and now this is great, but unless you are the yankee fan who gets dumped when the a's fan crashed in. buddy, hey you oh me -- you owe me another beer which he did to the get. he clubs the offering. his 10th of t

joining me now, alice ribland, and douglas holtz aiken. going into you all before the last break that you were going to have differing opinions, then you inform me you might not. so that's perfectly all right on this show. let me first ask you, it seems to me what i took away from goolsbee was that there are no new programs the administration is eyeing to try to bring down that unemployment rate, that they're focused on the private sector revving up. >> they should be. i mean the private sector is the key. that doesn't mean there aren't things that could be done which would improve the outlook in the private sector. so i think the basic formulation that is important now is to recognize that the trend growth in the economy is weak. that means when bad things happen which inevitableby they do, things will happen. core objective should be to bolster the trend growth leading the economy as much as possible. that means do things now that you would like to do anyway -- tax reform of pieces, long-term policies that aid growth and do it exclusivel

you may be expecting me to tell you that douglas holtz-eakin who is to bob's right was the fourth director of cbo, but this is not true, the 6th director of cbo. [laughter] having served from 2003 to 2005 came to cbo immediately from the white house economic counsel advisers before which he had a distinguished academic career. during 2007 and 2008, he was director of domestic and economic policy for the john mccain presidential campaign. currently, he's the president of the american action forum. even though we're in a house budget committee hearing room where each of the individuals has spent, i would think it's fair to say countless hours delivering prepared statements, we wanted to avoid prepared statements and make this session as interactive as possible. therefore, i'm going to pose questions to which each of the panelists will respond, if they so choose. for each country, i will then open it up to a more interactive decision among the panelists if they want to talk to each other, and then the audience, so i can't wait. i'll start president first question, and that is that the financi

you maybe expecting me to tell you that doug holtz-eakin who is to bob's right was the fourth director of cbo. this is not true. he was the sixth director. having served from 2003-2005. he came to cbo immediately from the without council of economic advisors. before of which he had a distinguished academic career. during 2007 and eighth, he was director of domestic and economic policy for the john mccain presidential campaign. currently he's the president of the american action forum. even though we're in the house budget committee hearing room, where each of these individuals have spent, i would think it's fair to say countless hours, delivering prepared statements, we wanted to avoid prepared statements and make this session as interactive as possible. therefore, i'm going to pose questions to which each of the panelist will respond if they so choose. for each question, i will then open up to a more interactive discussion among the panelist if they would like to talk to each other, and the panelist and the audience. i can't wait. i'll start with the first question. and that is that t

the former director of the congressional budget office, our friend, doug holtz-eakin, look at the economic and his behind bill, projected 35 million americans would be transitioned out of their existing coverage. that number, ladies and gentlemen, could, in fact, be much higher, and the disruptions to employer based health insurance coverage could turn out to be massive. you will remember that the president said at the very beginning of the health care debate that americans would see an annual decline in the health insurance premiums. he said early on that they would be amount to $2500 annually for a typical family at the end of his first term. i do think this needs any further discussion. the congressional budget office says if you buy health insurance, and individual market, you'll see an increase between 10 and 13% in your premiums. the actuary at cms has attacks on drugs, medical device, health insurance, all of which will result in higher premiums. the president you recall said that the purpose of health care reform was to bend the famous spending curve downward. he promised that woul

you may be expecting me to tell you that douglas holtz egan was the fourth director of cbo's, but this is not true. he was the sixth director of cbo. having served from 2003 to 2005, he came immediately from the white house economic council of divisors, before which he had is distinguished economic career. he was director of economic policy for the john mccain policy. even though we are in the house budget committee hearing room, where each of these individuals has spent countless hours delivering prepared statements, we wanted to avoid prepared statements and make this session as interactive as possible. therefore i will pose questions to which each of the panelists will respond if they so choose. for each question i will then open up to a more interactive discussion among the panelists, and then the panelist and the audience. i cannot wait. i'd think i will start with the first question. that is that the financial markets, for example, standard and poor's and moody's, and others say it would take a credible plan to reassure them about the ability of the u.s. to reduce debt in the med

our first witness today is william holtz who is the executive officer of william g. hauling company. mr. hall is a very queen franchisee and he has five locations in texas i believe. mr. hall serves on the board of directors for the franchise association and chairs are credit access to many. we appreciate you being here today. odyssey came along when we look forward to your testimony. >> thank you chairman and i want to thank you as well as ranking member velazguez and the rest of the committee. thanks for having me here. as you said i'm a very queen franchisee and forward texas and a member of the international franchise association board of directors but i want to talk about the important role the u.s. economy franchising holds. as ms. velazguez mentioned, small businesses, startups are important part of our economy and franchising meets that need but with a little bit of a lifeline for the first role in the business because they do have a system of training and at allows a start of business without being in business totally by themselves. the franchise world grew

the former director of the congressional budget office, doug holtz-eakin, has it right. this is what he said earlier this week in a letter to the president -- quote -- "opening colombia, south korea, and panama to u.s. businesses is anticipated to increase total exports by $12 billion and will add at least $14 billion to the united states gross domestic product, promoting increased investment and job creation at home." unquote. when the president was down in florida kwrubging it up with -- yukking it up with rich liberals, he seems oblivious to the fact that he could just send -- or should i say deliver these agreements to congress and have a trade-driven economic stimulus. if given a clean up-or-down vote, i am confident these agreements would pass. i have no doubt who will prevail if that debate were allowed to happen. but old habits die hard. the president's first mentality is cluttering up what should be a clean debate on the benefit of these three trade agreements for the american economy. rumors persist that the president may include a reauthorization of the expand

you may be expecting me to tell you that douglas holtz egan was the fourth director of cbo's, but this is not true. he was the sixth director of cbo. having served from 2003 to 2005, he came immediately from the white house economic council of divisors, before which he had is distinguished economic career. he was director of economic policy for the john mccain policy. even though we are in the house budget committee hearing room, where each of these individuals has spent countless hours delivering prepared statements, we wanted to avoid prepared statements and make this session as interactive as possible. therefore i will pose questions to which each of the panelists will respond if they so choose. for each question i will then open up to a more interactive discussion among the panelists, and then the panelist and the audience. i cannot wait. i'd think i will start with the first question. that is that the financial markets, for example, standard and poor's and moody's, and others say it would take a credible plan to reassure them about the ability of the u.s. to reduce debt in the med

the numbers are astonishing, and in a study last year, doug holtz-eakin, the former director of the congressional budget office, he estimated -- not what the current c.b.o. said. he thought maybe 35 million workers would be moved out of employer-covered plans into subsidized coverage, paid for by the taxpayers, and he thought by getting to that number, it would add an additional trillion dollars to the estimate of what the real costs were going to be for the president's health care law. if these numbers are true, this newer, higher number of 30% pulling out and maybe 50% once they find out what's actually in the law and the mandates on these businesses, the additional costs at a time when we're looking at 9.1% unemployment in this country, the costs are going to go even higher with the significant subsidies that exist for families making up to to $88,000 a year. so i come to the floor, madam president, to say that the more we learn about this health care law, the more unintended consequences, that many of the predictions made about this health care law from this side of the aisle are now coming t