becausewhen doctor ellmendorf talks, people listen. i'm glad that they do, but those words matter. >> we tend to focus on the size of the economy as a percentage of gdp during the comparisons over a long time period when the population and the size of the economy have changed a lot since the deficits we see for this year and next year are actually at or below the share of the gdp looking back over the last 40 years. with outside of the historical average it it as best as a share of gdp. and i look pain and that remark as well. >> thank you. >> thank you very much mr. chairman. thank you, doctor ellmendorf for your report and remarks. i have a question for you. let me set up where i'm going so that you can understand what my question is. today unemployed americans continue to struggle seeking a job that will support their family and give them a chance to earn their share of their american dream. the american worker doesn't want a handout. i don't believe the american worker wants a handout. they want to work. they want a paycheck, and i

becausewhen doctor ellmendorf talks, people listen. i'm glad that they do, but those words matter. >> we tend to focus on the size of the economy as a percentage of gdp during the comparisons over a long time period when the population and the size of the economy have changed a lot since the deficits we see for this year and next year are actually at or below the share of the gdp looking back over the last 40 years. with outside of the historical average it it as best as a share of gdp. and i look pain and that remark as well. >> thank you. >> thank you very much mr. chairman. thank you, doctor ellmendorf for your report and remarks. i have a question for you. let me set up where i'm going so that you can understand what my question is. today unemployed americans continue to struggle seeking a job that will support their family and give them a chance to earn their share of their american dream. the american worker doesn't want a handout. i don't believe the american worker wants a handout. they want to work. they want a paycheck, and i

. >> i don't cut off director ellmendorf. i cut off members. [laughter] >> now you get the drill. >> thank you mr. chairman and doctor for your testimony. i'm a small-business owner 42 years, family man. like a taxpayer and a small-business owner rather than a politician. the economy and main street economy is not fixed. it's hurting. i can tell you that. and the 0% hasn't worked in the stimulus money has not worked. the effects are evident from the high unemployment. people are living from paycheck to paycheck. people on food stamps, and frankly larger deficit. we see that. i believe the last thing that we have to fix its economy and turn it around is through small business owners and lower taxes. i think that is what we have left and i am a big supporter of cutting the corporate and cutting the cap gains and dividends into the tax employer and employee, accelerated depreciation, and also inheritance tax. i believe there's places that if we let -- if we reduce all that small business generates a lot of our opportunity to do the great things to

tremaine and doctor ellmendorf. it's good to see you today. i want to go to a topic not talked about in the deficit and growing deficit in where we might be in the future if we do not address that. but social disability, to go back and put some context on this, since 1970 one of the inflation adjusted to disability insurance expenditures have risen from 18 billion to 140 and 100 -- 2014. a portion of the increase is due to two things and we have heard that from testimony before the aging population which we all know and also the entrance of women into the workforce. we have heard that. but if you look at these factors they only account for 6% on the aging side and 17% increase on the entrance of women for the increasing disability caseload. so at the same time, the individuals are self reporting an increase in their help. but it's improving. and so, we see approximately 20 people per 100,000 of the received benefits and 1970 as compared to now about 80 people per 100,000 today. so the latest projection from the cbo estimate is that social secu

becausewhen doctor ellmendorf talks, people listen. i'm glad that they do, but those words matter. >> we tend to focus on the size of the economy as a percentage of gdp during the comparisons over a long time period when the population and the size of the economy have changed a lot since the deficits we see for this year and next year are actually at or below the share of the gdp looking back over the last 40 years. with outside of the historical average it it as best as a share of gdp. and i look pain and that remark as well. >> thank you. >> thank you very much mr. chairman. thank you, doctor ellmendorf for your report and remarks. i have a question for you. let me set up where i'm going so that you can understand what my question is. today unemployed americans continue to struggle seeking a job that will support their family and give them a chance to earn their share of their american dream. the american worker doesn't want a handout. i don't believe the american worker wants a handout. they want to work. they want a paycheck, and i

charan and doctor ellmendorf. i want to talk about the jobs portion of what you have. first if i can briefly -- i know it's repetitive but i think it's important given the new i got the chance to see the washington misinformation sheehan yesterday. when we had the best panels because of the affordable care act and i got to see up close around the 2.5 million jobs it was going to cost it was employed there would be a decreased demand for labor from businesses that somehow people would be reducing the number of hours people are working and the economy would be worse off. i want to verify and doublecheck these things one more time. you said that workers would be leaving participation because they are going to be choosing to leave rather than businesses demand for labor reducing, correct? >> yes, congressman. >> second, you said there is no compelling evidence part time has increased because of the aca? >> yes congressman. >> you also sent by allowing low-income households to redirect some of the funds they would have spent on the purchase of other goods and services they

charan and doctor ellmendorf. i want to talk about the jobs portion of what you have. first if i can briefly -- i know it's repetitive but i think it's important given the new i got the chance to see the washington misinformation sheehan yesterday. when we had the best panels because of the affordable care act and i got to see up close around the 2.5 million jobs it was going to cost it was employed there would be a decreased demand for labor from businesses that somehow people would be reducing the number of hours people are working and the economy would be worse off. i want to verify and doublecheck these things one more time. you said that workers would be leaving participation because they are going to be choosing to leave rather than businesses demand for labor reducing, correct? >> yes, congressman. >> second, you said there is no compelling evidence part time has increased because of the aca? >> yes congressman. >> you also sent by allowing low-income households to redirect some of the funds they would have spent on the purchase of other goods and services they