our five strong nonprofit partners include asian inc., consumer credit counseling services of san francisco, mission economic development and agency, the san francisco housing development corp., the san francisco urban community housing corporation. these five together have provided collaborative homeownership education class is -- classes in culturally competent ways. with out as much direct assistance from the federal government, we focused on making sure people do not enter into dangerous mortgage situations. to pay for these important services, we have unlisted major banks including wachovia, bank of america, the j.p. morgan case, as well as the san francisco foundation and the walter and elyse fund. san francisco home buyers have taken advantage of these programs. sadly, most of the federal and state programs are struggling to achieve effective loan modifications that would enable existing homeowners to stay in their homes on a long-term basis. as far as our efforts locally, we will continue to provide support to our partners to help people navigate the difficult mortgage issues here.

asian in future taxes would probably be different and that's why emphasize the credible reductions in future deficits through overspending or higher taxes would have confidence building effects. modeling inc. the tax rates >> in your report is a long-term budget -- cbo's production in the most long-term budget understate the severity of the long-term budget because they do not incorporate the federal attack economy, nor do they include the impact of higher tax rates on people's incentives to work and save, which i think is significant. going onto the next page, you say growing debt would also increase possibility of a sudden fiscal crisis. i wonder if you could talk to me -- is simple to look at what sadness and the crazy things, but what does that any crazies need to? how fast a sudden and how big is the crisis? >> first let me emphasize most of the projections in the report of the economic conditions for comparison across policies. we do in chapter two of an extended analysis on the economy. sudden fiscal crises in other countries have come on and the matter is months or weeks or days they have generally had very destructive effects in the economy to make the decision to put off at a mo

asian in future taxes would probably be different and that's why emphasize the credible reductions in future deficits through overspending or higher taxes would have confidence building effects. modeling ince tax rates >> in your report is a long-term budget -- cbo's production in the most long-term budget understate the severity of the long-term budget because they do not incorporate the federal attack economy, nor do they include the imact of higher tax rates on people's incentives to work and save, whch i think is significant. going onto the next page, you say growing debt would also increase possibility of a sudden fiscal crisis. i wonder if you could talk to me -- is simple to look at what sadness and the crazy things, but what does that any crazies need to? how fast a sudden and how big is the crisis? >> first let me emphasize most of the projections in the report of the economic conditions for comparison across policies. we do in chapter two of an extended analysis on the economy. sudden fiscal crises in other countries have come on and the matter is months or weeks or days they have generally had very destructive effects in the economy to make the decision to put off at a moment w