dr. elmendorf has just told us would be very damaging. i think the point dr. elmendorf made is especially important. >> senator sessions is now back. he was at another hearing. i think it is most important we get to him for any additional or opening statement he would want to make and then we will resume questions. >> thank you. [audio difficulties] that is better. fundamentally, you are absolutely correct. a permanent tax policy is better than uncertainty and we have too much uncertainty in our economy and we need more stability and you have come forward with some proposals and ideas i think are worth serious consideration and i look forward to working with you on it. i truly believe you are attempting to accomplish something in an effective way. i'd like to congratulate you, mr. elmendorf for your real important. you have carried out your duties with honesty and integrity. you have some rather specific controls on how you score and evaluate matters. it is not your fault, they have been established and you follow them, i think objectively, whether we like that

dr. elmendorf has just told us would be very damaging. i think the point dr. elmendorf made is especially important. >> senator sessions is now back. he was at another hearing. i think it is most important we get to him for any additional or opening statement he would want to make and then we will resume questions. >> thank you. [audio difficulties] that is better. fundamentally, you are absolutely correct. a permanent tax policy is better than uncertainty and we have too much uncertainty in our economy and we need more stability and you have come forward with some proposals and ideas i think are worth serious consideration and i look forward to working with you on it. i truly believe you are attempting to accomplish something in an effective way. i'd like to congratulate you, mr. elmendorf for your real important. you have carried out your duties with honesty and integrity. you have some rather specific controls on how you score and evaluate matters. it is not your fault, they have been established and you follow them, i think objectively, whether we like that

dr. elmendorf has just told us would be very damaging. i think the point dr. elmendorf made is especially important. >> senator sessions is now back. he was at another hearing. i think it is most important we get to him for any additional or opening statement he would want to make and then we will resume questions. >> thank you. [audio difficulties] that is better. fundamentally, you are absolutely correct. a permanent tax policy is better than uncertainty and we have too much uncertainty in our economy and we need more stability and you have come forward with some proposals and ideas i think are worth serious consideration and i look forward to working with you on it. i truly believe you are attempting to accomplish something in an effective way. i'd like to congratulate you, mr. elmendorf for your real important. you have carried out your duties with honesty and integrity. you have some rather specific controls on how you score and evaluate matters. it is not your fault, they have been established and you follow them, i think objectively, whether we like that

dr. elmendorf has just told us would be very damaging. i think the point dr. elmendorf made is especially important. >> senator sessions is now back. he was at another hearing. i think it is most important we get to him for any additional or opening statement he would wa to make and then we will resume questions. >> thank you. [audio difficulties] that is better. fundamentally, you are absolutely correct. a permanent tax policy is better than uncertainty and we have too much uncertainty in our economy and we need more stability and you have come forward with some proposals and ideas i think are worth serious considerati and i look forward to working with you on it. i truly believe you are attempting to accomplish something in an efftive w. i'd like to congratulate you, mr. elmendorf for your real important. you have carried out your duties with honesty and integrity. you have some rather specific controls on how you score and evaluate matters. it is not your fault, they have been established and you follow them, i think objectively, whether we like that are not

dr. elmendorf, we're going to be relying on you for the numbers and analysis. we've done that on critical issues before, and i look forward to it on this process, but nothing could be more important. this is the most serious threat to our nation. i include the threat we receive from external sources. in fact, the head of the joint chiefs of staff said the greatest threat to our security is our debt, and i believe that we've got to get it right. we have to get the numbers right, the policy right, and we have to get the process right, and i hope that we will be able to build a strong bipartisan solution to move forward and achieve that promptly. thank you, mr. chairman. >> thank you so much, mr. senator crapo, and thank you for your strong statement here this morning an thank you for your service on the fiscal commission. thanks, too, to the other members from the senate who supported that effort. senator colburn, senator greg who is now retired, but ranking member of this committee, and senator durbin along with my vote that made 5 of the 6 of the senate support

dr. elmendorf of the congressional budget office be made a part of this record. thank you mr. kerry.i wish to read one paragraph. cbl has not yet developed a detailed estimate of the budgetary impact of repealing that legislation. that's the question that i raised last night by going forward without having a cbo score. although it is working with the step of the joint committee on taxation to complete such an estimate in the near future, because congressional deliberations on h.r. two could begin very soon, cbo is providing in this letter a less detailed preliminary analysis of that legislation. cbl and jcc estimated that the march 10 health care legislation would reduce budget deficit over the 2010-2019 period, and in subsequent years. consequently, we expect that repealing that legislation would increase budget deficit. now, a lot of talk goes on director about budget deficit. do you all agree that the repeal of this legislation will increase budget deficit? mr. king. >> you don't? cdo is wrong? >> would the gentleman yield? i just am starting others and i've only begun to have gon