SFGTV: San Francisco Government Television
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Jan 31, 2024
01/24
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just cause, um, we are one of the cbos. so, um, just want to say that there needs to be a careful consideration of the, um, vital impact of community services. as with and the potential contradictions between revenue generations and budget cuts. um so i just wanted to one of the things i want to say is the last meeting staff stated, we only do outreach and education. ryan wanted to point out that our cip programs are sro collaboratives. we also counsel and support tenants with getting their units or buildings up to code by counsel and letting them know their rights, helping folks write letters to their landlord, communicate with their landlord, um, and i also really can't emphasize enough how important education is. we have all these important housing codes. we have all these laws. as you all know, like, um, enforcement without enforcement, it doesn't do anything. and so a lot of the work we do is supporting tenants . um, and also, you know, working with the staff at dbe to, as appropriate, but wanted to really emphasize th
just cause, um, we are one of the cbos. so, um, just want to say that there needs to be a careful consideration of the, um, vital impact of community services. as with and the potential contradictions between revenue generations and budget cuts. um so i just wanted to one of the things i want to say is the last meeting staff stated, we only do outreach and education. ryan wanted to point out that our cip programs are sro collaboratives. we also counsel and support tenants with getting their...
SFGTV: San Francisco Government Television
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Jan 28, 2024
01/24
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a question around our approach to cbo contracts and deliverables. i think overall we will be looking at the core services again with cbo and civil service and the question around just in terms of the deliverable's, we do a lot of work in terms of financial and contractual and compliance monitoring and i think we are just starting that process in terms of more productivity and performance monitoring. i think that is a multiyear--we don't quite have all of that data available and want to make sure we do it consistently but we appropriate we will look in those areas as well. and then last, i had a question about the our city our home proposition c funds, and given that it is a non general fund source so not included in the target, it isn't included in the deficit either, but one thing we have seen with proposition c, which is funded with a single source is that we are showing a short-fall. we had persistent shortfall in the revenues. first we thought it was a blip and slow recovery but we are starting to see a trend and overall the revenues in that fun
a question around our approach to cbo contracts and deliverables. i think overall we will be looking at the core services again with cbo and civil service and the question around just in terms of the deliverable's, we do a lot of work in terms of financial and contractual and compliance monitoring and i think we are just starting that process in terms of more productivity and performance monitoring. i think that is a multiyear--we don't quite have all of that data available and want to make...
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Jan 22, 2024
01/24
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larry: i know. >> cbo was even off by $900 billion in revenues that came in.he tax cuts and jobs act. larry: you had a bunch of of democrats that signed on to this, that is interesting part or one of the interesting parts. >> we're in divided government you have to give and take. there are things prefer not to be in it but in a divided government you have to have a balance but we ultimately passed it out of committee last friday, 40-3. 40-3. flee democrats voted against it. all 25 republicans. 15 democrats voted for it. it will be moving to the house floor. hopefully we'll be able to deliver some relief for, for small businesses, for american families and this also helps us compete with china. when you look at research and development china has almost a 200% match above ours. we need to be competitive. r&d needs to be in the united states, not in china. larry: and you're doing some business with my old acquaintance ron wyden, democratic chair of the senate finance committee who supports this? >> yeah. this was an agreement between senator widen and myself. i k
larry: i know. >> cbo was even off by $900 billion in revenues that came in.he tax cuts and jobs act. larry: you had a bunch of of democrats that signed on to this, that is interesting part or one of the interesting parts. >> we're in divided government you have to give and take. there are things prefer not to be in it but in a divided government you have to have a balance but we ultimately passed it out of committee last friday, 40-3. 40-3. flee democrats voted against it. all 25...
SFGTV: San Francisco Government Television
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Jan 28, 2024
01/24
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there are cbo grants. again those are the contracts you see on a regular basis. that's about 20% and staff is about 15% and there are little amounts of other dollars in here but those numbers come up to 100% and that's where the das money goes. so aid payments are pretty clear and what i mentioned before. contract mode charges the ihss health benefits and the public authority administration budget, the cbo grants and the contracts and the other big buck set staff, and that's salary and fringe benefits which together represent about 15% of the budget. okay. so that was the current year budget and obviously we will describe the budget year budget when we bring it back to you in the proposal similarly and we will compare the current year and the proposed budget so you can see the changes put in place. if we look at this slide this is really meant to describe the deficit situation the city has at the moment, and this is built on the five year forecast that i described before. for budget purposes we focus on the second and third years of the forecast so the budget yea
there are cbo grants. again those are the contracts you see on a regular basis. that's about 20% and staff is about 15% and there are little amounts of other dollars in here but those numbers come up to 100% and that's where the das money goes. so aid payments are pretty clear and what i mentioned before. contract mode charges the ihss health benefits and the public authority administration budget, the cbo grants and the contracts and the other big buck set staff, and that's salary and fringe...
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Jan 31, 2024
01/24
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not all -- like, you can't the fed, cbo, they are not right wing activists, they were expecting either slowdown or a recession. all this survey of professional forecasters and of "wall street journal" forecasters, i acknowledge i was gloomier than the story has turned out for 23, why? why do you think this is. i don't think that even joe biden understands it, he is not talking about bidenomics any more. >> he does not understand much these days. larry: he is leaving it too soon. anyway, why do you think this is happening. >> because models didn't take into account the cove shcovid shut down, it did to this economy what a wartime economy does, it discome bob lates everything, it takes time to recover, and have people go back to their old jobs and many don't, the models of predicated on a peacetime economy, not a post war economy or post covid economy, you look at jobs report, it has clouds in there, you take out government and health care and education, mostly government, and leisure, not fully recovered. average came 3 thousand jobs a month. in recent times. this is a small basis, you
not all -- like, you can't the fed, cbo, they are not right wing activists, they were expecting either slowdown or a recession. all this survey of professional forecasters and of "wall street journal" forecasters, i acknowledge i was gloomier than the story has turned out for 23, why? why do you think this is. i don't think that even joe biden understands it, he is not talking about bidenomics any more. >> he does not understand much these days. larry: he is leaving it too soon....
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Jan 23, 2024
01/24
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cbo estimate later showed weaker economy lost virtually all of the projected revenue increase. and barack obama, he raised ta taxes in 2010 and 2013 then there was a 4 trillion revenue cost because of the economy. did not help t the sit, clinton cut taxes reformed welfare and deficit disappeared for 4 years with a massive growth gain of 4.5 per% year. best way to avert a crises is to reform indictments -- entitlements the next best way is growth, the problem is they raise taxes at the very first meeting before the qu first cup of coffee was poured. whether it was jfk in 60s, reagan in 80s, clinton in his 6 term or donald trump, lower taxes have always been a successful policy to boost economic growth. more growth with more people working. with higher wages, that generate morse tax revenues to reduce deficits probably by factor of 2 to 3 to 1, that is the historical evidence. so, republicans now, show not be lulled to falling for another stony fiscal commission, governor trump a strong republican senate and house so the fiscal committees can do their job. and any moves to streng
cbo estimate later showed weaker economy lost virtually all of the projected revenue increase. and barack obama, he raised ta taxes in 2010 and 2013 then there was a 4 trillion revenue cost because of the economy. did not help t the sit, clinton cut taxes reformed welfare and deficit disappeared for 4 years with a massive growth gain of 4.5 per% year. best way to avert a crises is to reform indictments -- entitlements the next best way is growth, the problem is they raise taxes at the very...
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Jan 2, 2024
01/24
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but it's based on my reporting and my analysiof the cbo study of the bill. and we're wading through waters now if we're not constantl thinking about how language is loaded for many people, that we're n going to break through with the very people we need to connect with pew research shows and it's new latest study about media consumption that this whole country is watching far less news than it was just five or seven years ago. dramatic, dramatic slip in the news. well, where are they goingo hide his point? they're not just always going to know wherer just to social media. ere are new alternative media sources and it's on us to recognize we're in a fiercely competitive environment for people's attention and our credibility comes is intertwined with the language we use. but doesn't that if you, in fact, are editing your language because you're concerned about how it. no, i didn't say that. not about concern. it's about being accurate to a point where people can really hear it. my my question is, doesn't that put you in the posion of being yourself a pitician?
but it's based on my reporting and my analysiof the cbo study of the bill. and we're wading through waters now if we're not constantl thinking about how language is loaded for many people, that we're n going to break through with the very people we need to connect with pew research shows and it's new latest study about media consumption that this whole country is watching far less news than it was just five or seven years ago. dramatic, dramatic slip in the news. well, where are they goingo...
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Jan 10, 2024
01/24
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cbo did announce that and the sec has yet to approve and of s1 and still they do. this is a very good sign that they will and it's just we have to wait. liz: okay, you've heard nothing and what was the last communication with the sec in >> we've been talking regularly and partner 21 shares has been talking regularly and so the way i understand this happens is this is a necessary first step. 19v4 is the first approval and next step is pretty quick and s1 approval and that's the one. liz: what happened yesterday and there was this unbelievable development where it popped up on the sec's official twitter account and x account and yes, they had approved the spot bitcoin etf and there was a flowery worded tweet that came and looked like it was from gary gensler, sec chair and immediately you saw quite the spasm in price. it did spike for bitcoin but then sev that was fake news and it was been compromised and where were you when you went down the bitcoin logo in the sec about that and the second thing i saw was there and the disconnect and we were at the same time with o
cbo did announce that and the sec has yet to approve and of s1 and still they do. this is a very good sign that they will and it's just we have to wait. liz: okay, you've heard nothing and what was the last communication with the sec in >> we've been talking regularly and partner 21 shares has been talking regularly and so the way i understand this happens is this is a necessary first step. 19v4 is the first approval and next step is pretty quick and s1 approval and that's the one. liz:...
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Jan 27, 2024
01/24
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the cbo is telling us that the growth rate for the u.s. economy for the next generation, for the next 30 years is going to be 1.3%. that is half of what we grew on average the last 30 years. the cbo is looking at the world in front of us, the budget and tax policy we have on display, and we are going to have half the growth rate. a stagnant society. the reason they cite for that is labor force participation. there are people not working. there are demographics but fewer people working. this is one of the best things you can do to get people in the labor force. the more people we get working, the faster our economy gross and society benefits. this is one of the most critical tools to address one of the big challenges we have in front of us. i would throw this into a bigger debate about digitizing a benefits. i don't want to talk too long but what happens is you have these benefit cliffs. talking about the mom, a single mom with two kids. she gets a job and she is doing well. she maybe gets a raise or gets a better job. she looks at her inco
the cbo is telling us that the growth rate for the u.s. economy for the next generation, for the next 30 years is going to be 1.3%. that is half of what we grew on average the last 30 years. the cbo is looking at the world in front of us, the budget and tax policy we have on display, and we are going to have half the growth rate. a stagnant society. the reason they cite for that is labor force participation. there are people not working. there are demographics but fewer people working. this is...
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Jan 24, 2024
01/24
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now the cbo is saying it's going to exmode to 3.3 million this year -- explode.'s in the deal besides them enshrining 5,000 illegal immigrants coming into the country a day? are they going to do more vetting? are they going to have more people checking who's coming into the country? we want legal immigration. the sienna if college poll, trump leads biden 42-39% among hispanic voters. >> yeah. elizabeth: so what else is in the deal? >> look, nobody knows, and there's a reason -- elizabeth: well, what are they talking about? but what are they talking about? >> there's a reason chuck schumer is keeping this secret, because if the american people knew, they would not be happy with it. the problem is senate republican leadership went in and said, all right, we gotta make a deal with schumer, so let's do what schumer wants. look, i agree with house republicans. they passed a bill called h.r. 2. it is a comprehensive border security bill with. they passed it. i've introduced the same bill, h.r. 2, in the senate. i think that's what we ought to do. now, chuck schumer sai
now the cbo is saying it's going to exmode to 3.3 million this year -- explode.'s in the deal besides them enshrining 5,000 illegal immigrants coming into the country a day? are they going to do more vetting? are they going to have more people checking who's coming into the country? we want legal immigration. the sienna if college poll, trump leads biden 42-39% among hispanic voters. >> yeah. elizabeth: so what else is in the deal? >> look, nobody knows, and there's a reason --...
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Jan 30, 2024
01/24
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lefty bloggers attacking conservatives, so forth, not all, it is like, you can't, the fed, cbo, i meany're not right-wing activists, right? they were expecting either a major slowdown or recession. just go back to look at their estimates for heavens sakes. all survey of professional forcast terse, survey of "wall street journal" forecast, i acknowledge i was much gloomier than the story turned out in 2023. why, why do you think this is? i don't even think joe biden understands it. he is not talking about "bidenomics" anymore. >> he doesn't understand much these days. larry: he is leaving it too soon i think. he is leaving it before it peaked anyway why do you think this happened? >> because the models didn't take into account the covid shutdowns. the covid shutdowns did what a wartime economy does, totally discombobulate everything. takes time to get the supply chains working again. takes time for people going back to their old jobs and many of them don't. all the models are predicated on a peacetime economy, not a postwar economy, not a post covid economy. as steve alluded to, you loo
lefty bloggers attacking conservatives, so forth, not all, it is like, you can't, the fed, cbo, i meany're not right-wing activists, right? they were expecting either a major slowdown or recession. just go back to look at their estimates for heavens sakes. all survey of professional forcast terse, survey of "wall street journal" forecast, i acknowledge i was much gloomier than the story turned out in 2023. why, why do you think this is? i don't even think joe biden understands it. he...
SFGTV: San Francisco Government Television
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Jan 1, 2024
01/24
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increasing the quality of cbo monitoring. probably the area where we had the greatest disagreement is the fact in improved data reporting and transparency. the civil grand jury determined the city performance scorecard make tracking the city overall progress difficult. it didn't provide information on all the subpopulations of homeless individuals and didn't show changes to the subpopulations over time. the current environment now, this is pulled off of the city performance score card a couple days ago and little unfair. the score card is under going revision and noted going through an update in november, but the point is, early on you go to the city performance score card, drill down to homeless response and go to homeless population and click on the link to get to the embedded link to get to the interactive benchmarking dashboard. from the perspective of the civil grand jury, that was inadequate in terms of representing hsh progress to the public. hsh disagreed wholely with this finding, and they basically said that the cit
increasing the quality of cbo monitoring. probably the area where we had the greatest disagreement is the fact in improved data reporting and transparency. the civil grand jury determined the city performance scorecard make tracking the city overall progress difficult. it didn't provide information on all the subpopulations of homeless individuals and didn't show changes to the subpopulations over time. the current environment now, this is pulled off of the city performance score card a couple...
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Jan 18, 2024
01/24
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KRON
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the cbo see a few more clouds coming our way. and some of that patchy, dense fog developing through the night tonight into early tomorrow morning. so watch out for some low visibilities as you head toward the morning hours. in fact, you see it on the computer models here office and you start to see the visibility drop down to next to nothing places like concord, maybe in the san francisco in the bottle. but then as we head through the morning, that fog will begin to lift the left behind a lot of clouds outside in those clouds eventually leading to some rain. in fact, some heavy rainfall likely to make its way onshore as we head through the night and into tomorrow morning. and then as we get toward the weekend, we've got a very active pattern setting up. looks like we're going to see some rain moving in heavy at times on friday really getting going on saturday into sunday and into monday to. we'll have more on the timing of that storm coming up in a few minutes. >> lawrence, thank you. new at 6, we're learning the name of the bicy
the cbo see a few more clouds coming our way. and some of that patchy, dense fog developing through the night tonight into early tomorrow morning. so watch out for some low visibilities as you head toward the morning hours. in fact, you see it on the computer models here office and you start to see the visibility drop down to next to nothing places like concord, maybe in the san francisco in the bottle. but then as we head through the morning, that fog will begin to lift the left behind a lot...
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Jan 13, 2024
01/24
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the cbo put out that analysis yesterday on the recent shipbuilding plan. it cost about $270 million, which is double what the marine core had been saying. the have any updates? the other any updates on where things are with that program and where you want to go? gen. smith: it is vital. we have set up to 35. the goal when i talked to the navy, we want to get the first 10 out there quickly so we can solidify and confirm their views. until then, we have a solution using things like the ps best friends parts they are vital. the purpose is shorter short connector, things like the 12 marine regiment i just discussed at the japanese government said stay here in japan. those unless halves are vital to most moves, moving those units into strategic positions in a time period that matters. then to resupply them, they can function in that manner. now that the requested proposal is out, you will see things coming back. industry will say this particular requirement, that is causing your price to double. do you want to reconsider? i was just at the ship yard last friday
the cbo put out that analysis yesterday on the recent shipbuilding plan. it cost about $270 million, which is double what the marine core had been saying. the have any updates? the other any updates on where things are with that program and where you want to go? gen. smith: it is vital. we have set up to 35. the goal when i talked to the navy, we want to get the first 10 out there quickly so we can solidify and confirm their views. until then, we have a solution using things like the ps best...
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liz: cbo numbers and federal tax revenues at 3.2 trillion in 2016 and then they went up and they soared to 4.1 trillion after the trump tax cuts and what do you make of the biden campaign and spent millions on campaign ads touting bidenomics but that failed. more and more polls, biden's polls are dropping to the 30s and going back to the play book and agencies getting overturned for agencies they've made un-democratically and decisions on student debt and that's not democratic and real threat to democracy are run away agencies and run away spending and this administration is guilty of both to the highest degree. first degree. liz: yeah, we saw a new report and nearly $750 billion in new regulation. that's the cost of new regulation under this biden white house. steve forbes, thank you so much. good to see you. come back soon. >> thank you. liz: house lawmakers are moving ons impeachment case against homeland security secretary mayorkas on t "the evening edit" coming up. ♪ mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ]
liz: cbo numbers and federal tax revenues at 3.2 trillion in 2016 and then they went up and they soared to 4.1 trillion after the trump tax cuts and what do you make of the biden campaign and spent millions on campaign ads touting bidenomics but that failed. more and more polls, biden's polls are dropping to the 30s and going back to the play book and agencies getting overturned for agencies they've made un-democratically and decisions on student debt and that's not democratic and real threat...
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reporter: not as of yet, we don't have language or fine print on this, the cbo is still projecting 1.7rillion dollar deficit next fiscal year, and 1 pu 1.8 after, that spending is not slowing down on this republicans do get the win on this and diverting some of the money already spent. the fine print,. larry: all right we'll look at this and revisit it, edward lawrence thank you. >> staying with the economy. and various nuts and bolts, we bring in the great art laffer. reagan economic adviser and medal of freedom recipient, author of taxes have consequences, art you are listening to edward lawrence. no one bid better but no one really knows what? the deals, that say problem with washington, when kelly and i talk about cleaning the swamp and donald trump wants to drain it, that say problem, public has no idea what the numbers mean or context or baselines. i ai looking for simp h sympathy. >> all of my sympathy to you, none of the congress know what is in there and president does not. you have a huge you getitty bitty changes on the margin, we need will happen in november of 2024 this ye
reporter: not as of yet, we don't have language or fine print on this, the cbo is still projecting 1.7rillion dollar deficit next fiscal year, and 1 pu 1.8 after, that spending is not slowing down on this republicans do get the win on this and diverting some of the money already spent. the fine print,. larry: all right we'll look at this and revisit it, edward lawrence thank you. >> staying with the economy. and various nuts and bolts, we bring in the great art laffer. reagan economic...
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Jan 9, 2024
01/24
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CNNW
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the ntsb has been urging the faa to extend the cbo are, the cockpit voice recorder, recording hours fromtwo hours to 25 hours. >> why is it overwritten so quickly? that seems crazy. >> that is the federal regulation which is what we have been urging four years for faa to change. here is what i will say. may just put out a notice of proposed rulemaking to extended for 25 hours, while only four newly manufactured airplanes. there are hundreds of airplanes out there that will last 30, 40, 50 years. it is ridiculous to have some for two hours, and others were 25 hours. the 25-hour rule should apply to all airplanes. rachel fritz and new. i spoke directly to the faa and said we were going to raise this, in this investigation, because we are really disappointed. we are very disappointed. there were significant communication issues between what was going on on the cockpit, and the flight attendants in the cabin. flight attendants had no idea what was happening in the cockpit at the time, and there is a lot of chaos in such an event, and we need to have all that information, not just for investi
the ntsb has been urging the faa to extend the cbo are, the cockpit voice recorder, recording hours fromtwo hours to 25 hours. >> why is it overwritten so quickly? that seems crazy. >> that is the federal regulation which is what we have been urging four years for faa to change. here is what i will say. may just put out a notice of proposed rulemaking to extended for 25 hours, while only four newly manufactured airplanes. there are hundreds of airplanes out there that will last 30,...
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Jan 26, 2024
01/24
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CSPAN
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the cbo is looking at the world in front of us, the budget and tax policy we have on display, and we are going to have half the growth rate. a stagnant society. the reason this site that is labor force for dissipation. he were people are working. there are demographics but fewer people working. this is one of the best things you can do to get people in the labor force. the more people we get working, the faster our economy gross and society benefits. this is one of the most critical tools to address one of the big challenges we have in front of us. i with her this into a bigger debate about digitizing our benefits -- i would throw this into a bigger debate about digitizing a benefits. i don't want to talk too long but what happens is you have these benefits. talking about the imam, a single mom with two kids. she gets a job and she is doing well. she maybe gets a raise or gets a better job. she looks at her income and she says i am going to lose my benefits. i am going to stay where i am. i am going to stunt my upward mobility. that is the design of this 20th-century benit system. th
the cbo is looking at the world in front of us, the budget and tax policy we have on display, and we are going to have half the growth rate. a stagnant society. the reason this site that is labor force for dissipation. he were people are working. there are demographics but fewer people working. this is one of the best things you can do to get people in the labor force. the more people we get working, the faster our economy gross and society benefits. this is one of the most critical tools to...
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Jan 11, 2024
01/24
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CNNW
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. >> the cbo laid out what it would mean in terms of adding to the deficit. but you would agree to it reluctantly to get a budget. >> we have to fund the government. a shutdown is unacceptable. but i think that it is important as we're still in the middle of this debate to educate the american people that cutting the irs funding is deepening our deficit problems, not solving it. >> the shutdown show not a netflix series that i would want to watch. let's hope the american people don't have to live it. congresswoman katie porter, thank you. >> thank you. >>> and we do have breaking news on the nfl front, bill belichick and the new england patriots are reportedly parting ways after 24 seasons. more on a monumental shift to the league next. >>> that breaking news from the nfl, according to multiple reports, bill belichick is out as the new england patriots' head coach. that is after 24 legendary seasons. he's considered by many to be the greatest pro football coach of all time winning six super bowls. the head coach of the patriots, two more as a defensive coordi
. >> the cbo laid out what it would mean in terms of adding to the deficit. but you would agree to it reluctantly to get a budget. >> we have to fund the government. a shutdown is unacceptable. but i think that it is important as we're still in the middle of this debate to educate the american people that cutting the irs funding is deepening our deficit problems, not solving it. >> the shutdown show not a netflix series that i would want to watch. let's hope the american...
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Jan 5, 2024
01/24
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he served as chief economist of economic advisors and cbo director. good to have you.ded 2023 in a strong place. does that mean that interest rates will come down this year? >> yes, but i don't expect anything very quickly. this was a good report. it wasn't a great report. if you look inside the 216,000, you will find about 50,000 are government jobs, which means it's not a lot of strength in the private sector. it was concentrated in health and leisure and hospitality. you would like to have more broad-based strength in the report. it's true if you look at the household sector, the reason the unemployment rate didn't change is that about 670,000 people left the labor force. we lost 680,000 jobs. it's a little more mixed under the surface than the top line might make you think. having said that, inflation has come down remarkably quickly in 2023 going into 2024. the fed is not going to give up. it went from in its preferred measure inflation at 5.6. they have it to 3.2. they are two-thirds done. it took them 22 months to do the first two-thirds. i see them being very p
he served as chief economist of economic advisors and cbo director. good to have you.ded 2023 in a strong place. does that mean that interest rates will come down this year? >> yes, but i don't expect anything very quickly. this was a good report. it wasn't a great report. if you look inside the 216,000, you will find about 50,000 are government jobs, which means it's not a lot of strength in the private sector. it was concentrated in health and leisure and hospitality. you would like to...
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Jan 11, 2024
01/24
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CNBC
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rick santelli standing by now at the cbo. >> yes, it's a pretty busy place today and if we consider cpi was a bit warmer, and there were certain aspects of it that really merits some attention, i found that if you look at the three month annualized core that moves from 3.3 versus 3.4, it actually moved down, but the six month annualized rate moved up from 2.9 to 3.2. now, let's look at some charts quickly tyler -- we are doing a lot of work under yesterday's lows. looking at today, and you can see what i'm talking about. look at a today -- exactly the opposite. we are flirting with yesterday's highs. if i recall there were about 4:21. tuesday ten spread, it is the least inverted in two months and when it comes to inflation, there is no better place to talk to traders than this floor because obviously, it's going to make a huge difference in how equities are treated in volatility. happy new year. you saw the cpi data today. your thoughts. >> look, follow up on the employment that we just. saw in actually robust labor market that does not mean however ironically that the economy is strong
rick santelli standing by now at the cbo. >> yes, it's a pretty busy place today and if we consider cpi was a bit warmer, and there were certain aspects of it that really merits some attention, i found that if you look at the three month annualized core that moves from 3.3 versus 3.4, it actually moved down, but the six month annualized rate moved up from 2.9 to 3.2. now, let's look at some charts quickly tyler -- we are doing a lot of work under yesterday's lows. looking at today, and...
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as you know the cbo is still projecting 1.7, $1.7 trillion deficit next fiscal year, 1.8 after that,ing is not slowing down on this one. republicans could get the win in this, taking some money, diverting money already been spent. it is not new money on some of it. again the fine print. the devil is in the details. larry: we'll look at it, revisit it as always, edward lawrence thanks very much. staying with the economy and various nuts and bolts we bring in the great art laffer, reagan economic advisor and medal of freedom recipient, author of "taxes have consequences". arthur, you know, there you listened to edward lawrence there is no better reporter than edward lawrence. nobody knows what is in these deals. nobody really knows what is in these deals that is the problem with washington. kellyanne conway talks about draining the swamp, president trump talks about draining the swamp, nobody has any idea what the context are, baselines are, i'm looking for knew year's sympathy, art. >> you got it. all my sympathy, to you, larry. they don't know what it in there and president sure does
as you know the cbo is still projecting 1.7, $1.7 trillion deficit next fiscal year, 1.8 after that,ing is not slowing down on this one. republicans could get the win in this, taking some money, diverting money already been spent. it is not new money on some of it. again the fine print. the devil is in the details. larry: we'll look at it, revisit it as always, edward lawrence thanks very much. staying with the economy and various nuts and bolts we bring in the great art laffer, reagan economic...
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Jan 31, 2024
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moringtryly, more importantly, from top to bottom, federal reserve economists, cbo, "wall street journal, philadelphia fed professional survey of forecasters, nobody got 2023 right around nobody expected a 3% plus growth rate in the second half of 2023. this is after 550 basis points of interest rate hikes. this is after the fed is pulling back on bank reserves and the monetary base and the money supply. we were supposed to have had either a big slowdown or a recession, exactly the opposite happened. all right? i'm not even looking at this left versus right. this is something for the economics profession to sort through, kevin hassett, former cea chair. everybody got it wrong. by the way i will raise my hand, i said either a big slowdown or a recession. i was wrong. that's all there is to it. kevin, what the heck happens next? >> well, i'm thinking about what happened 30 years ago because you know the problem with economics, right, you look at the past data and then you assume the data generating process for the past works going forward but what happened 30 years ago, just about exactly
moringtryly, more importantly, from top to bottom, federal reserve economists, cbo, "wall street journal, philadelphia fed professional survey of forecasters, nobody got 2023 right around nobody expected a 3% plus growth rate in the second half of 2023. this is after 550 basis points of interest rate hikes. this is after the fed is pulling back on bank reserves and the monetary base and the money supply. we were supposed to have had either a big slowdown or a recession, exactly the...
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Jan 25, 2024
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it takes an army of volunteers we are so grateful for as well as city, county, cbo partners to go outlock through census tracks so we can make sure that we are counting every person out there on the street, in vehicles, in rvs. >> we see the bags behadn't you. these are toiletry bags, a snack you will hand out to these people. do you have a sense -- i know the point is to get a count, but do you have a sense of whether the number is down, the same or up? i am assuming it is up based on what i see. >> exactly. we are using a different methodology this year and we expect both based on the methodology getting richer data, but certainly based on other points we have besides this count we anticipate the numbers going up? >> reporter: why can't we solve this, we as a county, we as a region? >> i mean that here in alameda, like you said, it is a city -- you know, a city, a county, a state, a federal crisis we are in. we see this across the country, right, this homeless crisis. i think we here in alameda county are really looking at innovative ways to solve homelessness, and part of the reaso
it takes an army of volunteers we are so grateful for as well as city, county, cbo partners to go outlock through census tracks so we can make sure that we are counting every person out there on the street, in vehicles, in rvs. >> we see the bags behadn't you. these are toiletry bags, a snack you will hand out to these people. do you have a sense -- i know the point is to get a count, but do you have a sense of whether the number is down, the same or up? i am assuming it is up based on...
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Jan 11, 2024
01/24
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joining us now is former cbo director douglas holtz-eakin, pennsylvania congressman, member of the houseervices dan meuser, also still with me, stephanie pomboy, mark tepper and mike if lee. and cheryl casone, of course. stephanie, we were in the middle of our conversation about this when the news broke. your reaction to this c cpi number. >> well, this is exactly what i articulated, is that i think this progress of getting from 3 to 2 is going to prove much slower than the fed or markets anticipate, and we're seeing evidence of that today. in addition to the energy if component that cheryl highlighted, i think one thing that's important to note if is this housing story. as you know, housing is really the largest single component in this number and, obviously, in the cpi there's a tremendous lag between actual home prices and it being captured in the cpi. and that's all fine and good, and it would suggest that we're going to continue to see this report notwithstanding more downward pressure on prices as that number starts to field through, reflecting the decline in home prices that happe
joining us now is former cbo director douglas holtz-eakin, pennsylvania congressman, member of the houseervices dan meuser, also still with me, stephanie pomboy, mark tepper and mike if lee. and cheryl casone, of course. stephanie, we were in the middle of our conversation about this when the news broke. your reaction to this c cpi number. >> well, this is exactly what i articulated, is that i think this progress of getting from 3 to 2 is going to prove much slower than the fed or markets...
SFGTV: San Francisco Government Television
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Jan 10, 2024
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um, dcf sfusd and cbo staff are working through to achieve our goals and objectives . slide, um, at a previous hearing, weon around what these funds are being used to do. these are the current activities in motion , supported by the extended grant that were between um and just lifting up a couple of data points between march 2022tember 2023. our school violence interrupters reported conducting approximately 143 conflict mediations and a !tions. most of those interventions were related to de-escalating and resolving student fights, shootings, and threats. um, these or interactions. numerous conflicts require intensive and ongoing support, such as daily check ins , family support, and wraparound 30 cbo community based organization referrals initiated to grow our network to supportive ofs for youth involved with conflicts. we're also focusing heavily on developing the core structures for growing and sustaining this work lastly, i want to end with, uh, the voices of some of our young people, um, in this last slide, we did some groundwork in planning for our social media, u
um, dcf sfusd and cbo staff are working through to achieve our goals and objectives . slide, um, at a previous hearing, weon around what these funds are being used to do. these are the current activities in motion , supported by the extended grant that were between um and just lifting up a couple of data points between march 2022tember 2023. our school violence interrupters reported conducting approximately 143 conflict mediations and a !tions. most of those interventions were related to...
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Jan 31, 2024
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medicare admits it will be broke in 2030, using cbo assumptions, social security admits it will be broke in 2032. those assumptions are overly optimistic. they assume no recession ever, real gdp growth that resembles where we are now, interest rates lower than what treasury rates are today, and assumes the deficit that is smaller than it is already today, even though we are in-- aren't in a reception-- recession officially. if you tweak those assumptions, more likely that medicare will go bankrupt in the 2020s that the 2030s. last time i checked, we are midway through 2020s. this will be a really big issue. higher for longer just brings it forward more quickly. i think this will be the defining issue of the next six years. >> powell has had the benefit of having unanimous votes inside that room. there have not been food fights, so to speak, about where policy is going to be. do you think we start to get to since, and does it matter at all,-- >> it does not matter. he does not look good for the chairman, but ultimately, it is jake powell's decision, i am certain. i think you will get to s
medicare admits it will be broke in 2030, using cbo assumptions, social security admits it will be broke in 2032. those assumptions are overly optimistic. they assume no recession ever, real gdp growth that resembles where we are now, interest rates lower than what treasury rates are today, and assumes the deficit that is smaller than it is already today, even though we are in-- aren't in a reception-- recession officially. if you tweak those assumptions, more likely that medicare will go...
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Jan 28, 2024
01/24
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we, the treasury and the cbo has put out many charts and many analysis that has said we're on an unsustainablecal path. so the idea that all of a sudden we're waking up and going, oh, wait, you know, the fiscal situation of the united states isn't great, is a little crazy. and i think it's one of the reasons why we're seeing shift in the global order because you know with debt comes because the people who are power at the governments and at the federal reserve, they only have so many things they can so many levers that they can pull and then they're out of options. government know everybody likes to think that they money because they collect it and because they can also make up money. but it's you know, if you think about money as the proxy for productivity, they're not actually producing anything value. so it's not like they're out creating something and adding to the productivity to to back up that money. so they only have so many choices right? they can take more. they can extract from us via taxes or, fees or whatever direct amounts. and at some point, you know, not only does that become p
we, the treasury and the cbo has put out many charts and many analysis that has said we're on an unsustainablecal path. so the idea that all of a sudden we're waking up and going, oh, wait, you know, the fiscal situation of the united states isn't great, is a little crazy. and i think it's one of the reasons why we're seeing shift in the global order because you know with debt comes because the people who are power at the governments and at the federal reserve, they only have so many things...
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Jan 5, 2024
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host: senator bill cassidy said the cbo estimates the bill increases the deficit, this is the raising wage bill, increases the deficit over 10 years by $46 billion with over half of the cost, 27 billion coming from increased cost to medicare and medicaid. the report indicates the legislation would lead to increased prices for goods and services forcing american families to spend more out-of-pocket at a time of high inflation under president biden. a higher minimum wage does not mean much to a worker who loses their job because of it. i want to ask you about what you said about raising the deficit and the cost to medicare and medicaid. how does the federal minimum wage impact that? guest: an increase in the federal minimum wage would absolutely increase prices. it would increase prices more so for the things lower income families are buying. one of the things is the cost of health care. there are more low-wage workers and so that will drive the federal government's cost but also private individuals costs and businesses cost and health insurance cost will rise. there is a study at the h
host: senator bill cassidy said the cbo estimates the bill increases the deficit, this is the raising wage bill, increases the deficit over 10 years by $46 billion with over half of the cost, 27 billion coming from increased cost to medicare and medicaid. the report indicates the legislation would lead to increased prices for goods and services forcing american families to spend more out-of-pocket at a time of high inflation under president biden. a higher minimum wage does not mean much to a...
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Jan 3, 2024
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what the cbo requires is you want us to cost out the health plan, we want the exercise of sovereign power. to set prices, to cartel lies the industry. and hillary clinton understood that.. and the magaziner plan was to the left in the first year because they understood that the market was not working. , these of course, were financed and put on by the cherry health insurance, they wanted to liquidate all of the small health insurance companies. and of course those of you of a certain age, or maybe not, know about these, these were financed and put forward by the small cherry picking insurance companies who are going to be basically wiped out if the clinton plan was put into effect. so there they are. and of course you have the right wing republican party, and in those days, was bill kristol, this quote is famous, i mean, it is so remarkable, today he is not singing that song, but this i think tells you where the ideological push against the robert doles who were willing to cut a deal, but they are militant and they are women, and they win. so the clinton health care plan does go down to d
what the cbo requires is you want us to cost out the health plan, we want the exercise of sovereign power. to set prices, to cartel lies the industry. and hillary clinton understood that.. and the magaziner plan was to the left in the first year because they understood that the market was not working. , these of course, were financed and put on by the cherry health insurance, they wanted to liquidate all of the small health insurance companies. and of course those of you of a certain age, or...
SFGTV: San Francisco Government Television
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Jan 23, 2024
01/24
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you asked the question, i'm reflecting, i think one would have to infer, oh, by talking, by having a cbon the committee, that means you're engaging with those families and so i do think this prompts us to is a good question to think, you know, in the future, like how might we more directly than speak with families if we don't have already a committee that we feel like is representative of and work with our community partners to do that, but to more engage directly be, um, to engage directly with families. and so i think that's that's kind of my reflection as i hear your question. so was there there was intention in the process to bring in those voices. but i don't know that that was necessarily readily evident. if you're asking the question, i just want to say one more thing, just to some of what was talked about. um is i do want to say, though, um, i mentioned we have parameters we need to follow, but i do want to i understand the skepticism that people feel like is this checking off a box are really engaging. and that's why if, for example, you know, 75% of people said said, uh, even t
you asked the question, i'm reflecting, i think one would have to infer, oh, by talking, by having a cbon the committee, that means you're engaging with those families and so i do think this prompts us to is a good question to think, you know, in the future, like how might we more directly than speak with families if we don't have already a committee that we feel like is representative of and work with our community partners to do that, but to more engage directly be, um, to engage directly...
SFGTV: San Francisco Government Television
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Jan 7, 2024
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. >> i would also like to--from cbo perspective that is very touch market because very high competition. not only the agency, but our staff program staff and contract staff are down quite a bit. both of the groups are probably down a third of the regular staff headcount so that is quite a bit of challenge. >> thank you. >> commissioner lum. >> under the legal assistance for veterans, contracted to source of plow share and i know it is a very very efficient and excellent organization. the count veteran service office retain control and oversees these cases? >> yes. that is a county veteran service organization who is the prime contact who is working with the plow share to coordinate the program and this was part of the mental health service act under the proposition 63 in 2020. [indiscernible] california department of veteran affairs. >> thank you. >> any other questions from commissioners? okay. we covered that one well. and we really--my additional comment is just, i love having a schedule and plan and how we are going forward, so much appreciated. >> even distribution. >> even distrib
. >> i would also like to--from cbo perspective that is very touch market because very high competition. not only the agency, but our staff program staff and contract staff are down quite a bit. both of the groups are probably down a third of the regular staff headcount so that is quite a bit of challenge. >> thank you. >> commissioner lum. >> under the legal assistance for veterans, contracted to source of plow share and i know it is a very very efficient and excellent...
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Jan 4, 2024
01/24
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what i want what the cbo require, if you want us to to cost out the health plan, we want the exercise of sovereign power, you know you know like you know to to you know, to set to set prices to, you know, to to actually cartel the industry. and magaziner understood that. and hillary did to hillary know, you know, she she understood that her private moments she said, yes, we single payer and the the the the magazine plan moves to the left in the first year because they understood that that the market was not working it would not and it moved to the left. they put price limits, caps on it. they do they do limit who who will offer health insurance. they knew what they wanted to liquidate all the small insurance companies, of course, they they they raised you know, they raised bloody hell. and of course, it's these these famous those of you of a certain age, or maybe not know about these harry and louise ads, these of course, were financed and put on by the cherry picking insurance companies who were going to be basically wiped out if the clinton plan was put into effect. and so there the
what i want what the cbo require, if you want us to to cost out the health plan, we want the exercise of sovereign power, you know you know like you know to to you know, to set to set prices to, you know, to to actually cartel the industry. and magaziner understood that. and hillary did to hillary know, you know, she she understood that her private moments she said, yes, we single payer and the the the the magazine plan moves to the left in the first year because they understood that that the...
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Jan 18, 2024
01/24
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for five years ahead of the second-largest tax agency and the estimates for the cbo i think are way too low in terms of the amount of revenue that ultimately comes in expanding the auditing of multinational corporations and wealthy individuals. mr. quaadman thank you are your comments on bbc's and i did want to just mention something out of scope three for the environmental disclosures. it makes sense and i've said this before it makes sense for banc of america to tell us their carbon footprint. if they have together information about every pizzeria they make a loan to all of their small business altogether or hundreds of billions of dollars. they have together information about whether the pizzeria delivers or doesn't deliver the pizza first it's. second it discriminates against the pizzerias who deliver the pizza and therefore have a bigger carbon footprint but when all those from sherman oaks had to drive individually to encino to get the really good pizza that's more carbon because we are all in our separate cars but that doesn't count for scope three. that scope for because we are
for five years ahead of the second-largest tax agency and the estimates for the cbo i think are way too low in terms of the amount of revenue that ultimately comes in expanding the auditing of multinational corporations and wealthy individuals. mr. quaadman thank you are your comments on bbc's and i did want to just mention something out of scope three for the environmental disclosures. it makes sense and i've said this before it makes sense for banc of america to tell us their carbon...
SFGTV: San Francisco Government Television
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Jan 10, 2024
01/24
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we are with our cbo stakeholders including one tomorrow and we will return to the commission in january details on full budget proposal. next item is dph awards sist reducing overdose death dispirties. awarded 2.2 million dlr network of commitment to reducing racial disparities in overdose deaths to revention nt this funding which year over 5 years will help expand capacity of e homeless children network, community based organization to prevent harmful outcomes with rough innovative tailored approaches. next item is san francisco begins wastewate fentanyl [indiscernible] and high risk substance s. the health department with assistance of the san francisco public begun wastewater testing for substances, including fentanyl to track trends and inform response activities. san francisco is one of unities across the united states participate in the first national institute on drug abuse to gauge and measure the ciated with adverse health consequence including overdose through wastewater testing. earlier this month requested the public utility commission sent wastewater samples two treatment p
we are with our cbo stakeholders including one tomorrow and we will return to the commission in january details on full budget proposal. next item is dph awards sist reducing overdose death dispirties. awarded 2.2 million dlr network of commitment to reducing racial disparities in overdose deaths to revention nt this funding which year over 5 years will help expand capacity of e homeless children network, community based organization to prevent harmful outcomes with rough innovative tailored...