based on cbo estimates. we work with them closely on those. but again the medicare number that we're proposing to save is $487 billion that reflect as total package. >> can you tell me today which cbo premium support model you're assuming in your own numbers here? >> yeah, it's based on an average bid model, that's the one that cbo looked at. >> what i'm asking, can you tell me what cbo model you looked at and how much that model generated over the five-year period in terms of savings? >> i don't have that specific number for you. >> all right. >> with respect to the if you look at the medicare ten-year savings, there's a, it says net savings of $449 billion. or $487 billion. can you -- you know what i'm getting at here for the discrepancy there? >> yes, sir. the $449 billion figure that you referenced, that figure includes some of the medicare savings that are part of repealing the affordable care act in our tables we don't know the double accounting of that effect. so in table s-4 in particular, we show th

she's speaking for herself and not cbo. she's speaking for cbo, great.ben spielberg who has a nice paper with jared bernstein at posted on the website this morning, a link on a website about ways in which we might want to expand the automatic stabilizers. and then the third is phil swagel, university of maryland, formerly of bush treasury who will talk about how he sees things to each of them will speak for seven to 10 minutes ago bring to all. and we will have a discussion. try to come it's all yours -- wendy, it's all yours. >> i bet i can do it but you can do it faster. [inaudible] >> on wendy edelberg from the congressional budget office the congressional budget office. no, associate director for economic analysis and i'm delighted to be here to discuss the important topic. solemnity a quick roadmap of what i will say. first i will briefly walk you through cbo's budget and economic projections and i will highlight some of the significant consequences that we see from our projections of high and rising federal debt. i will also talk about how the econ

sometimes the research gets ahead of cbo. they are not going to change their views based on a paper or two. brookings favorite little while ago showed even when there is a long history or short history and i think in one of our papers the degree was larger than that, that -- that -- they argued that counter typical stimulus pays for itself. i would not go that far because i am uncomfortable talking about it. it you can see in europe cases where austerity was written off the time and in fact or debt situation worsen because they hurt their growth somewhat. schizophrenia on this issue is illustrated by the administration. sequester, and, on the other hand the fiscal adjustment being celebrated. they cannot decide which side to be on so they are on both. >> i wanted to say a little bit about it -- about -- about the paper. if you take, like, and infrastructure program. let's say we take $100 billion and it will have a rate of return of -- we could say -- we think right now, a rate of return of 10%. let's say we think the infrast

the debt is unsustainable and according to the cbo government spending will reach 21.2% of the gdp in 2016. this threatens important health and retirement programs and funding for national defense. but this has not worked to revive the economy. in fact, this is the worst economy in recovery on record. we need more opportunity. we need more jobs and higher wages and more freedom to make their own decisions in their best own interest. wasteful spending on overregulation seems to be this administration's focus on prescription. creating economic opportunities is at the heart of the budget we are considering today. this committee wants economic growth, good jobs, higher wages, greater access to capital, regulations like those in dodd-frank have made it harder for the community banks and credit unions to serve their customers. families that want to earn a business or buy a car or a home are finding it extremely difficult. in new hampshire we lost 20% of our small community banks since dodd-frank was enacted. a record number of regulations have led to less financial innovation and fewer choi

you look at the cbo and treasury.iscal year 2015 statement, the look ahead, both point to the budget and say it is not sustainable. .19 trillion worth of debt the next 10 years, they are looking at another 9.4 trillion on top of that. it gets to the point where you have to balance the budget at some point. vonnie: we will get to the issue of forecasting in a moment. what about the stronger dollar and the fact that interest rates are so low, and even given how low our interest rates are, they are way higher than 40%'s of yields the rolled over. christopher: that is the problem that we have right now. in terms of the spread, compared to the german 10-year, for example, vis-a-vis the u.s. 10-year, we look relatively enticing. but if you constantly look at more budget deficits that will, over time, spark inflation. right now, the inflation we have had has stayed in securities markets. if you want to see where it goes, turn on your terminal and hit tra. it has not gone into the cpi basket yet, eventually it might. vonnie:

a report from the cbo came out in january of this year which shows the consequence of that. when you want to rein in spending and decrease your deficits you don't increase spending because the deficit because of that increase by $130 billion, 1.5 trillion over ten years. how do you address that? you don't address it by continuously increasing spending, spending more money this area than you did last year. unfortunately that's where we are right now. what can we do. the amendment would pertain to the mandatory savings package as included in this budget and working with the chairman who put together a package that would save $30 billion often years because these savings are mandatory spending programs, the return compound over time achieve 150 billion often years. these would be permanent not one time. over the chairman's mark only calls for house to passing this as a standalone bill. my concern the senate will not act. my amendment provide physician the senate doesn't do which it should do which is par for the course and doesn't consider the standalone bill house to will look

i don't know if the cbo even bothered to score that. but the fact is that you cannot take away medicare. it is the thing that brought seniors out of poverty. when my grandmother lived with me -- lived with us, our family, she didn't have medicare, she didn't have social security. this is in the '50s. and we had to pay her bills. our family, my dad was doing the best he could. he was unemployed several times. he had to pay for my grandmother's bills. and if you're prepared to put your grandmother or your -- whatever -- out there and say to them, go find an insurance company that wants a sick old person like you to come on to their rolls. it just doesn't work that way. insurance companies don't want sick people. they want healthy people. they want to take the premiums and pass them on to the stockholders. they're not interested in taking the premiums and taking care of old people. so when you say that is the plan you want for america and put it in this budget -- because a budget is a statement of your priorities. it's a statement of what

city build that is led by patrick that is lead and that leadership is louis us to work with the cbos and put our community workers to work on the projects and another really, really more dynamic this is lead by harlan kelly is the partnerships are the building trades and mike and their affiliates allows us to do trainings and partnership are the trades we've begun a training program in partnership with the tracks and a gps training with the operating engineers and charley labor and a concrete training with the carpenters and one finally which was a dynamic one that told the story how we do the trainings the recent completed a cohort with the laborers that was around the recession habitat and on the training we worked with the trades and the cbos throughout san francisco and had cbos do the soft work and get folks that really wanted to engage and have careers in construction we built ulcer up the workers with the recruitment and the laborers worked with the contractor and you are project manager to develop projects that was specificly relevant and folks got the training and come out o

i think sometimes research get out ahead of cbo and if it becomes true cbo adoptes it later. you won't change their view from a comment or two. in the brookings paper a little while ago, showing when there is even a small degree of history and we have evidence there is in one of our paper that the degree was larger than that that they argued that counter cyclical stimulus pays for itself. i probably won't go that far because i'm uncomfortable talking about free lunches but a very low-cost lunch and you could ein europe in cases where austerity was bitten off big time but in fact there debt situation worsened because they hurt their growth so much. >> to me, the schizophrenia onnion this issue is shown by this administration. and on the other handing with celebrating the fis kl adjustment. i understand that also. they can't decide which side to be on, so they are on both. >> can you say a little bit about, as mentioned, if you take like an infrastructure program, costing $100 million, and let's say we say it will have a rate of return of, you think right now that the rate of r

s office, juvenile probation department and cbo's. served 120 students last year and report 88% of students that received services through tarp received more than 100 hours of management services to reengage them into their schools. the other initiative i want to highlight is a new one that we got funding from the department of justice. the juvenile alternatives to suspension program. we are running this initiative out of valley middle school. that's primarily because we really acknowledge there is a shortage of programs and support for our middle school students. this initiative is in partnership with juvenile probation, school district and our cb o provider, rock, real opportunities for kids. it's a school base behavioral health program and once again it's there to support our middle school students at visitation valley to engage in school and to participate in a more full manner at school. the last couple of initiatives i want to highlight are our summer transition program which is intended to compliment academic instruction that t

s office, juvenile probation department and cbo's. served 120 students last year and report 88% of students that received services through tarp received more than 100 hours of management services to reengage them into their schools. the other initiative i want to highlight is a new one that we got funding from the department of justice. the juvenile alternatives to suspension program. we are running this initiative out of valley middle school. that's primarily because we really acknowledge there is a shortage of programs and support for our middle school students. this initiative is in partnership with juvenile probation, school district and our cb o provider, rock, real opportunities for kids. it's a school base behavioral health program and once again it's there to support our middle school students at visitation valley to engage in school and to participate in a more full manner at school. the last couple of initiatives i want to highlight are our summer transition program which is intended to compliment academic instruction that t

this is according to the cbo. with those improvements and for future generations to secure those programs. even though it is well intentioned to do more and more but when you talk about putting medicare further at risk, with that i yield back >> the gentlelady is recognized. >> i have no voice. >> the reality is to that scenario and now we're talk about leveraging this is medicated is a principal priority to make sure people get sicker longer and are in the hospital the number one reason medicare has a solvency issue we spent the bulk of that money in the last two weeks of life in a block grant for flexibility situation most states did not innovate with care giving support in fact, they continue to hold a nursing homes as a protected priority most expensive most restrictive care in their states even though they are not required. they have done nothing to not to lead on this issue. if we indeed we can help states create many more solutions to these problems. >> all of those in favor? all those opposed? a recorded v

be atthe cbo -- cbo chicago.are at the end of the first quarter now and there has been a drop in volatility. a drop in trading activity. but we are heading into earnings season. looking ahead to that, there is not a lot of options -- optimism built into here. >> there is not. if you look in november, we were expecting about 60 basis points, negative earnings growth on the s&p 500. that number has evolved as companies have kept bringing things down. we are talking -10% earnings growth on the s&p 500 for q1. that will be a drag. if you look at q2, it is not much better. -4.5%. you have a little earnings recession that people are worried about now. right. even though we have seen stocks rally, it seems as though there is a lot of hedging activity going on. is there any place where you have seen that concentrated? i have not seen a lot of concentration in any single thing. if you take a look at the vic, it is at like 14. it is pretty calm here right now. julie: let's turn to one of the events, tesla rolling out the m

cbo said in ten years we will as a current trend be apartment 99% of ourretionary spending sinks. cbo said in ten years we will as a current trend be apartment 99% of our budget will be consumed by mandatory spending an interest coverage. we know the baby boom era has been descending upon us. we've known this for decades. so if we can take the politics out of all this as to who to blame and who's responsible and simply say we now, whether you are a republican, democrat, conservative, liberal or in between, on this spectrum, we have a common challenge that has to be addressed. it has been pushed down the road over and over and over. it is becoming increasingly a hindrance to our economy and ability to grow to provide for our national security, pave roads, to build infrastructure, to provide for health care, research and -- you name it. you name the functions that are necessary to be addressed. so i wonder if you would tell us, what is the next president, regardless of who that is, what is the next president and the next congress -- what do they need to do to finally stand up to thi

city build that is led by patrick that is lead and that leadership is louis us to work with the cbos and put our community workers to work on the projects and another really, really more dynamic this is lead by harlan kelly is the partnerships are the building trades and mike and their affiliates allows us to do trainings and partnership are the trades we've begun a training program in partnership with the tracks and a gps training with the operating engineers and charley labor and a concrete training with the carpenters and one finally which was a dynamic one that told the story how we do the trainings the recent completed a cohort with the laborers that was around the recession habitat and on the training we worked with the trades and the cbos throughout san francisco and had cbos do the soft work and get folks that really wanted to engage and have careers in construction we built ulcer up the workers with the recruitment and the laborers worked with the contractor and you are project manager to develop projects that was specificly relevant and folks got the training and come out o

what happens is the research gets out ahead of cbo and then it becomes true, and cbo is absolutely.do not change their views based on a paper or do. two. i think there's a long summer's paper, a brookings paper a little while ago that showed windows even a very small degree of histories and with evidence there wasn't one of our papers the degree was larger than that, that, they argued countercyclical stimulus pays for itself and i probably would not go that far because i'm uncomfortable talking of free lunches. it becomes a very low-cost launch. you can see in europe and cases where austerity was bitten off big time but, in fact, their situation worsened because they hurt the growth so much. >> to mee me the schizophrenia n this issue is illustrated. on the one and decrying this question and understand that. on the other hand, celebrating the fiscal adjustment. i understand that also. so they can't decide which side of this question they want to be on so they are on both. >> can i say although that about the paper that charity mentioned? if you take like an infrastructure program th

we got that from the cbo director repeatedly when he was here recently. the mandatory spending this amendment proposes would not be subject to appropriations or any congressional oversight. taking more money from individuals and families to fund new mandatory spending only adds to our fiscal challenges and it's irresponsible. we agree with congressman van hall land and our democratic control ee colleagues that this is littered with loopholes. that's why we're proposing fundamental progrowth tax reform which involves cleaning out the tax loopholes so tax rates can be lowered for all taxpayers. nearly all economists believe that better designed and simple tax system, broader base, lower rates, would encourage work, savings and investment, leading to more jobs and greater prosperity for all. this amendment, mr. chairman, is another tired attempt to pick winners and losers through the tax code, something that washington has done far too many times in the past. this budget calls for tax reform that does the opposite. tax reform should be simple and fair for al

in fact, cbo said that in 10 years we will at the current trend be at 99%, 99% of our budget will be consumed by mandatory spending and interest coverage. this obviously is unacceptable. we know that baby boom budget, baby boom era has been to sydney upon a so we have known this for decades. and so if we can take the politics out of office as to who to blame and who's responsible and simply say we now, whether you're a republican or democrat, conservative or liberal or in between on the spectrum, we have a common challenge that has to be addressed. it has been pushed down the road over and over and over but it is becoming increasingly a hindrance to our economy and ability to grow to provide for our national security, to pave roads, to build infrastructure, to provide for health care, research, and you name the functions that are necessary to be addressed. so i wonder if you would tell us, what is the next president, regardless of who that is, what is the next president and the next congress, what do they need to do to finally stand up to this looming crisis to put in place a long-te

and so we will be working and because this is 90 percent, almost, 95 percent, contracted out to cbos it is really working what those contractors to insure that they are meeting the compliance and training them and getting them and the helping them with the staffing that they are going to need to draw down, these new federal dollars. >> all right. just trying to close part of the loop of where you had indicated for example, in regards to that workforce that our former commissioner, and you were heading, and will this then be of help to that, so that we would therefore have access to facilities and therefore, not have to have those jails? >> yeah, i think that it will be another tool, it will not be that the entire solution. because remember when someone is in jail, they don't have medical. and it is until they are able to get discharged that they will be aible to take advantage of those. which is another, policy i would like us to take on, is you know, the facts that the people in jail don't have medical, therefore, you know we are not able to really create a revenue source for many o

a report from the cbo came out in january of this year which shows the consequences of that. when you want to rein in spending and decrease your deficits, you better not increase spending because the deficit, because of that increase by $130 billion, $1.5 trillion, over 10 years. so how do you address that? well you don't address that by continuously increasing spending, spending more money than this year than you did last year. unfortunately that is where we are right now. so what can we do? this amendment tries to do that. the amendment would pertain to the mandatory savings factors included in budget and working with chairman who put together a package that would save at least $30 billion over 10 years. because these savings are mandatory spending programs, returns compound over time achieve 150 billion over 10 years. these would be permanent, not one time. chairman mark calls for this passing stand-alone bill. my concern the senate will not act on that bill. my amendment provides if the senate doesn't do what it should do, which would be par for the course, does not consi

but with the aging of the population and rising healthcare costs, cbo projects a substantial boost tojor healthcare programs. so alongside the rising interest payments deficits are expected to increase from the current level with 2.9% which is just a touch higher from the average of 2.8% of the past 50 years to 4.9% in 2026 which leads us to projections for the federal debt held by the public. if current law generally remain in place growing deficits are projected to raise federal debt held by the public with 86% by 2026 up from 74% in 2015 and almost twice the average in the past five decades. so, some of the consequences of the high and rising debt. the focus of the discussion today is that increased borrowing would restrict the ability to respond to economic challenges. whether that's through an economic downturn or the result of a financial crisis and that would make those economic challenges have larger negative effects both on the economy and on people's well-being. so in addition, just to just a more straightforward direct effect increased borrowing would increase the amount of

and so we will be working and because this is 90 percent, almost, 95 percent, contracted out to cbos it is really working what those contractors to insure that they are meeting the compliance and training them and getting them and the helping them with the staffing that they are going to need to draw down, these new federal dollars. >> all right. just trying to close part of the loop of where you had indicated for example, in regards to that workforce that our former commissioner, and you were heading, and will this then be of help to that, so that we would therefore have access to facilities and therefore, not have to have those jails? >> yeah, i think that it will be another tool, it will not be that the entire solution. because remember when someone is in jail, they don't have medical. and it is until they are able to get discharged that they will be aible to take advantage of those. which is another, policy i would like us to take on, is you know, the facts that the people in jail don't have medical, therefore, you know we are not able to really create a revenue source for many o

s office, juvenile probation department and cbo's. served 120 students last year and report 88% of students that received services through tarp received more than 100 hours of management services to reengage them into their schools. the other initiative i want to highlight is a new one that we got funding from the department of justice. the juvenile alternatives to suspension program. we are running this initiative out of valley middle school. that's primarily because we really acknowledge there is a shortage of programs and support for our middle school students. this initiative is in partnership with juvenile probation, school district and our cb o provider, rock, real opportunities for kids. it's a school base behavioral health program and once again it's there to support our middle school students at visitation valley to engage in school and to participate in a more full manner at school. the last couple of initiatives i want to highlight are our summer transition program which is intended to compliment academic instruction that t

the former cbo director recently co-wrote a paper in which he argued that the fiscal outlook over the next 25 years is a challenge, but is less of a challenge than it looked a couple years ago, in part because of the steps we've taken, in part because of lower interest rates. but more does need to be done. deficit will rise as the share of gdp, the debt will rise as a share of gdp. our approach is a balanced approach of measures on the spending side including entitlements and measures on the tax side which are predominantly not about raising rates but about cutting back on tax benefits for high income households, many of which are economically efficient. the last thing i should say is ultimately our goal is to see the debt to gdp ratio on a downward path and stabilized. one can accomplish that both by lowering debt, but also by raising gdp. so steps that strengthen our economy are really important part of how we need to deal with our debt and deficit as well. >> thank you. we finished 12 seconds behind my time so i need to pass this on. again, apologize for having to leave. hopefully

look at this with the cbo market.atorsto get the to understand more about what is happening in the derivative market and make it public. >> there has been an increase in funds when it comes to etf. this seems to be linked to bonds. why do you think there is a disconnect there and what does that tell you about the health of the emerging markets now? >> if you look at the pension funds, many of them are targeting 5% returns, 6% returns. they've seen volatility in equity markets and they say we cannot go in that direction right now. going to the bond market and go to higher risk bonds, which by the way is a danger area now you have a situation where you are going to lower and lower quality. there is really a dilemma for institutional investors come particularly the pension funds because they have to meet a certain return of sand or, which is not available. -- a certain return of standard. [laughter] you have to yield. do you get more and more come alternative ideas coming across your desk? >> yes, we are getting more and

s office, juvenile probation department and cbo's. served 120 students last year and report 88% of students that received services through tarp received more than 100 hours of management services to reengage them into their schools. the other initiative i want to highlight is a new one that we got funding from the department of justice. the juvenile alternatives to suspension program. we are running this initiative out of valley middle school. that's primarily because we really acknowledge there is a shortage of programs and support for our middle school students. this initiative is in partnership with juvenile probation, school district and our cb o provider, rock, real opportunities for kids. it's a school base behavioral health program and once again it's there to support our middle school students at visitation valley to engage in school and to participate in a more full manner at school. the last couple of initiatives i want to highlight are our summer transition program which is intended to compliment academic instruction that t

the cbo the news is back in the morning. we will see what 7. the morning. coming up: >> will i can't wake up. i just can't wake up -- i i just can't >>> o cars are fast filled with conveniences but one of those could have been deadly >> people are walking away from the cars without turning them off. we discover the hidden dangers and the fight to make them safer. >>all it takes is a push of a button and you are ready to drive. this simple change -- >> it was one of those unknown scenarios -- have endangered peoples lives. >>it was alarming. i just saw people laying out on the ground. >> when police got to this home they didn't realize what was happening. it all started with a 911 call. >>when the officers got here they didn't know what they were walking into. within a few minutes they started feeling sick and disoriented. one officer told me he doesn't remember how he got out of the house.>> they knew something ingesting and breathing something. >>the home was filled with carbon monoxide but that wasn't clear because the car had been moved. amanda left his

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carol wyche, announced that wyche is suing harbor house, the domestic abuse shelter she was used as cbo. -- ceo. michelle: mark nation says the law came after she was abruptly fired on february 18. with is alleging breach of contract. she is seeking unpaid wages, severance pay, customization for health care, which nation says could be around $200,000. what was wicked fired? >> they told her they had gotten an anonymous complaint from an employee that she had been mean to them. michelle: patient says he is representing her at no charge, but if it is not resolved soon, he will ask her attorney' s fee, which runs $600 an hour. >> but who in here would want an organization who terminates a woman who has led it from where they were to where they are, terminated because of anonymous complaint? michelle: she will go through cell phone and computer e-mails to be turned over. >> we' ve got a single mom who has an income, and it was immediately cut off, and given time to pay, they refused to do that. michelle: i asked mark nation why he is representing carol, and he says she feels that she is bei

cbo has put subsidy costs at about $880 million through 2025. i would note that while subsidies are paid to insurers and not directly to enrollees, they never let us represent a financial benefit to them. as i stressed before, a program of this scope and scale remains inherently at risk for errors, including improper payments and fraud. accordingly, it is essential that effective enrollment controls are in place to help narrow the window of opportunity for such risk, and safeguard the government's investment against this backdrop i'll now discuss our two principle and analytical results. first we found that cms does not track or analyze aggregate outcomes, the extent to which a query agency delivers information responsive to a request, or whether an agency reports that information was not available. in this record, for example, we found that ssa could not match 4.3 million queries related to names of -- names, dates of birth or social security numbers at 8.2 million queries related to citizenship claims. irs could match queries involving about 3

a cbo >> the temperatures took aoo slight drop. >> well, i mean, it is marchsch after all.af we got aittle slow last week. today is going to be a cool c one, damp, drizzle.e, d we'll keep the drizzle and the showers in the forecast allhe f day.da >> all day. >> yeah, all day. not going to be a heavyh, rain.. just kind of a overcast lightgh drizzle. >> when is it going to be over? getting right to it.t rt >> right. >> maybe wednesday.be w >> really? seriously.r >> oh, yeah, a couple days ofpla this. >> oh, okay. >> 49 in washington. >> all right.>> a >> 50 in annapolis. 50 in annapl i feel like i'm not deliveringir much good news this morning.s o. >> it's okay. oy. you're just the messenger.essen. >> you can see the coolan see cl temperature. mid-50's this afternoon.a clouds, yes, check that off onfn your list. l dampness, yes, and drizzle, yes, all three will beill delivered today with againh aga rainfall amounts expectedte pretty light today.od we had some rain showersinwe overnight that are pushing offui north and east up towardsp t philly this morning wheres morng they're going to

knew the door theater of the future economy is lurking out there waiting to collect the bills from the cbo with projections going forward are dramatic with discretionary spending as it streaks -- shrinks. . . >> to provide for healthcare, research and you name the functions necessary to be addressed. i wonder if you would tell us, what is the next president, regardless of who that is, will what does the next president and congress, what what do they need to do to finally stand up to this looming crisis, to put into place a long-term solution that is feasible in terms of how we need to govern and will put us on a path to more fiscal responsibility and avoid this coming wall that we are going to hit if we don't take action. i may not be able to be here to hear your final answer on that but we would like it for the record and i would appreciate it if you would address that. that's my only question and i will turn it over. >> sir, thank you very much for that question. i think i agree with the premise of almost everything that you said. i think it's important to put this in context, our defici

senator, health care, but my question is about the federal debt, and currently at $19.1 trillion and the cbo says that the debt will rise to $10 trillion by the fy-2016, and the the end of 2026, $29.3 trillion at the end of 2026. >> well, bret, of the $19 that you were talking about, $15 was health care, and if you exclude that, let's talk about the others. in the year 2016, when we talk about public education, it means to me that a college degree to today in many respects is what a high school degree is 50 years ago, so when we talk about public education, we have to make public colleges and universities tuition, free, and we have to substantially lower the student debt, because young people should not be forced to pay off the debts for 50 years. how do you pay for that, and that is going to be the question. well, when the illegal behavior on wall street caused this country to collapse into the worst economic downturn since the great depression, the united states congress against my vote, and hillary clinton and i d disagree, because she roted for it, and i voted against it, but congress pa

it reality it takes a village if we put 0 o it on your team we'll definitely not be successful the cboommunities will take all of the other organizations that support our schools and families and patterns and entire communities to you get this work downey done so i'm excited to see components and we're talking about moving and the last thing i want to say you know the way we counter 10 steps behind like reverend brown said the exposure piece and often if you can't say see it you can't say accomplish it we need to make sure we impose over students to people that look like them in an atmosphere if so conducive of second and early and often that's why this work is very important we have the examples again we are talking about small numbers of students in the skrekts so that's where i get excited about the fact we can do something i see change happening every single day we making sure that change happens if you look at the is it so that came in after some situations that were not proud of the district but see how they rally and the solutions they came up with that is a demonstration our st

it reality it takes a village if we put 0 o it on your team we'll definitely not be successful the cboommunities will take all of the other organizations that support our schools and families and patterns and entire communities to you get this work downey done so i'm excited to see components and we're talking about moving and the last thing i want to say you know the way we counter 10 steps behind like reverend brown said the exposure piece and often if you can't say see it you can't say accomplish it we need to make sure we impose over students to people that look like them in an atmosphere if so conducive of second and early and often that's why this work is very important we have the examples again we are talking about small numbers of students in the skrekts so that's where i get excited about the fact we can do something i see change happening every single day we making sure that change happens if you look at the is it so that came in after some situations that were not proud of the district but see how they rally and the solutions they came up with that is a demonstration our st

and, in fact, a 2015 cbo report notes on state flexible allotment, it says and i'm quoting, giving such authority states might be able to define eligibility and administer benefits in ways that better serve the population. moreover, allowing states more flexible and operating snap would result in more experimentation and approaches that were successful in some states to be adopted by others. we cho es this group because we want to program to work better. i served in the state legislature. i know how state legislators' hands are tied in implementing policies that will work best in their areas and they understand their needs and their constituents much better than a bureaucrat in washington, d.c. understands those needs. so that's what we're aiming for in the budget resolution. this amendment undermines that and i urge a no vote on the amendment and yield back. >> yields back t. young lady is recognized one minute to close. >> thank you so much, mr. chairman. thank you, colleagues, for engaging in this important discussion. mr. stutzman, your analysis was just spot on. the economy is not

cbo has put subsidy costs at about $880 million through 2025. i would note that while subsidies are paid to insurers and not directly to enrollees, they never let us represent a financial benefit to them. as i stressed before, a program of this scope and scale remains inherently at risk for errors, including improper payments and fraud. accordingly, it is essential that effective enrollment controls are in place to help narrow the window of opportunity for such risk, and safeguard the government's investment against this backdrop i'll now discuss our two principle and analytical results. first we found that cms does not track or analyze aggregate outcomes, the extent to which a query agency delivers information responsive to a request, or whether an agency reports that information was not available. in this record, for example, we found that ssa could not match 4.3 million queries related to names of -- names, dates of birth or social security numbers at 8.2 million queries related to citizenship claims. irs could match queries involving about 3

in fact, a 2015 cbo report notes on state flexibility allotment says that -- i'm quoting giving such authority states might be able to define eligibility and administer benefits in ways that better serve their populations. moreover allowing states more flexibility and operating s.n.a.p. would result in experiments. we chose this approach because we want the program to work better. i served in the state legislate. i know how state legislators' hands are tied. they understand their needs and their constituents much better than a bureaucrat in washington, d.c. understands the needs. that's what we're aiming for in the budget resolution. this amendment undermines that. i urge a no vote on the amendment and yield back. >> gentleman yields back. the gentle lady is recognized for one minute to close. >> thank you, so much mr. chairman. thank you colleagues for engaging in this important discussion. mr. stutsman your analysis was spot on. the economy is not growing as fast as it ought to be. there is not even recovery in all areas. we have 46 million people mired in poverty. that's why we ne

today cbo does estimates. the potential output in 1975 was only 4%. it may be a little bit low, but we were off by at least a factor of two. there were three reasons for that. one was the tdp data was all wrong. data was all wrong. 3% it only shows a decline in gdp. it was only half as severe as what was thought of at the time. gdp incline in the fourth quarter of 74, which galvanized congress into action so quickly, after revisions we were down 2%. secondly we greatly overestimated the rate of productivity growth. we were extrapolating the numbers from 50's and 60's. a reflectionre was point, productivity growth slowed. it accumulate as the years go by. errors.or two other the was an important mistake. today there is uncertainty about whether there is a potential output and how large it is. a lot of criticism of fiscal policy in the 70's. my opinion, the members of congress wanted rapid recovery from the recession and a period of declining inflation. recovered nicely into 76. inlation came down rapidly 76. inflation was in double digits in 73 and 74,

human services agency have done really not to mention interfaith council and all of the these amazing cbos that we have have done heroic work in trying to transition people off the streets out of tents into shelters. so i appreciate the comments, but i think that the amendment is appropriate. and i think we should vote on them. >> okay. i don't see any other names on the roster. but i'm trying to take a moment to read the amendment. no other comments? okay. just a second. so your motion was to strike this particular line out of supervisor kim's resolution and to secondly add the two whereas clauses? >> correct. the paper is the one motion and the other motion is the one that supervisor kim, i believe accepted. >> okay. i just need to ask supervisor kim a question, because it was my understanding specifically in the resolution that you have whereas recent efforts to remove the homeless through sweeps without providing viable options for both emergency shelter and permanent shelter -- so it was my understanding that an option for an emergency shelter was offered in this particular case. can

cbo has subsidy costs at $880 billion for 2016 through 2020. while subsidies are paid to insurers and not directly to enrollees, they present a financial benefit to them. as i've stressed before, a program of this scope and scale remains inherently at risk for errors, including improper claims and fraud. it's essential that effective enrollment controls are in place to help narrow the window of opportunity for such risk and safeguard the government's investment. against this backdrop, i'll now discuss our two principle analytical results. first, we found that cms does not track or analyze aggregate queries to the extent to which a query agency delivers information responsive to a request or whether an agency reports that information was not available and in this regard, for example, we found that ssa could not match 4.3 million queries related to names, dates of birth or social security numbers and 8.2 million queries related to citizenship claims. irs couldn't match queries involving about 31 million people related to income and family size an