thank you. >> thank you grover. we will not turn our attention to our panelists will discuss some of the findings in our case studies and explore some options forward, to call some of the costs and a lot of the policies we have been discussing today. first up will be james capretta, former associate director at the white house office of management and budget. he will be discussing the costs associated with the health care bill that was passed this year and another focus for a steady. with that, james. >> thank you very much. ii am jim capretta fellow at the ethics and quality center. i'm also director of obamacare watch, so we are watching this new health law very carefully, and it is central to both the cost of government day this year as well as the cost of government day in 2015 and 2020 and 25-- 20205. this bill has lots of costs built into it that will materialize within the next decade. the administration is fond of pointing to the congressional budget office estimates of the new health law, as an advertisemen

thank you. >> thank you grover. we will not turn our attention to our panelists will discuss some of the findings in our case studies and explore some options forward, to call some of the costs and a lot of the policies we have been discussing today. first up will be james capretta, former associate director at the white house office of management and budget. he will be discussing the costs associated with the health care bill that was passed this year and another focus for a steady. with that, james. >> thank you very much. ii am jim capretta fellow at the ethics and quality center. i'm also director of obamacare watch, so we are watching this new health law very carefully, and it is central to both the cost of government day this year as well as the cost of government day in 2015 and 2020 and 25-- 20205. this bill has lots of costs built into it that will materialize within the next decade. the administration is fond of pointing to the congressional budget office estimates of the new health law, as an advertisemen

you and to grover and everyone at atr for the invitation to be here with you today. my name is mario lopez. as maddy said i am president of the hispanic leadership on. we are dedicated to promoting doublet policy solutions limited and government and individual freedom and we want to focus the way, i know you have heard some from fine speakers so i will be very brief but i want to focus on the government spending and debt, the impact on small business and what that means for the rapidly growing hispanic community and the united states. small businesses often overlooked as the economic engine that drives the american economy and american job creation. a lot of times we forget it is small businesses that are creating jobs in our communities. small businesses are a vital part of the american dream and account for two-thirds of the jobs that are created in the united states. for american latinos, owning a small business represents the height of what it means to pursue economic opportunity. it is a chance to provide and improve your own life, provide for the future of your

host: grover norquist is president of americans for tax reform, to talk about the cost of government. you are out with your annual report. guest: cost of government day is different from tax freedom day. tax freedom day are all the taxes you pay, divided by how big the economy is and taxes are one quarter or one-third of the economy. cost of government day goes beyond that and it builds on what milton friedman pointed out, which is the true cost of government is not just taxes, it is total government spending. we ought to have total federal, state, local spending, including both taxes and deficit spending, accumulated debt, and the regulatory burden, so when the government says you have to do this and you have to do that, it may be a good idea, but it is not free. so, what is the cost? what we have this year is we are working until today, august 19, to pay the total cost of government spending, plus regulation. back three years ago that was a month earlier. so when people sort of know there has been this explosion of spending on stimulus spending and bailout and the trillion dollars t

host: grover norquist is president of americans for tax reform, to talk about the cost of government. you are out with your annual report. guest: cost of government day is different from tax freedom day. tax freedom day are all the taxes you pay, divided by how big the economy is and taxes are one quarter or one-third of the economy. cost of government day goes beyond that and it builds on what milton friedman pointed out, which is the true cost of government is not just taxes, it is total government spending. we ought to have total federal, state, local spending, including both taxes and deficit spending, accumulated debt, and the regulatory burden, so when the government says you have to do this and you have to do that, it may be a good idea, but it is not free. so, what is the cost? what we have this year is we are working until today, august 19, to pay the total cost of government spending, plus regulation. back three years ago that was a month earlier. so when people sort of know there has been this explosion of spending on stimulus spending and bailout and the trillion dollars t

to confidence presented by the long-term deficits and i don't think we get much positive back on grover. >> i just want to acknowledge, you know i am not a fan of the deficit outlook. it is deeply unfair. this is one of the most unfair things we will see but i never thought i would see congress outspend a republican congress and now we have and that is a problem. >> that is a very important point. it is worth pointing this out. you know the decit we started with which was $1.6 trillion is a function of a lot of things that have happened over time. it is a the concept of two reception-- recessions. 1 mile one and one deeply sever one but also a consequence of a choice of how to govern and a bunch of choices to suspend and abandon basic disciplines like paygo and finance very expensive expansion of entitlements in tax cuts. now, the recovery act and can jb did a very modest additional anchormen to that budget deficit, to not have broken the back of that financial panic. i am very confident and we have evidence to support that recently, that we would have had much worse growth, much higher

on tomorrow morning's "washington journal," grover norquist will talk about the cost of the federal government u.s. attitudes toward drug abuse. after that, a former chief accountant will talk about the new appendage or regulations built and what it could mean for investors. later in the morning, a hearing on the bp oil spill examines the safety of seepage in the gulf of mexico. >> the c-span networks provide coverage of politics, public affairs, nonfiction books, and american history. it is all available to you in television, radio, online, and on social networking side. they are content any time at the c-span video library. we take you on the road with our digital content vehicle. it is washington your way. the c-span networks, now available in more than 100 million homes, created by cable and provided as a public service. >> christopher hill returned from iraq a few days ago after a 16-month stint as the u.s. ambassador there. he talks about the future of iraq as the u.s. can that mission draws to close at the end of this month. the u.s. institute of peace hosted the event. it is about 90 m

to confidence presented by the long-term deficits and i don't think we get much positive back on grover. >> i just want to acknowledge, you know i am not a fan of the deficit outlook. it is deeply unfair. this is one of the most unfair things we will see but i never thought i would see congress outspend a republican congress and now we have and that is a problem. >> that is a very important point. it is worth pointing this out. you know the deficit we started with which was $1.6 trillion is a function of lot of things that have happened over time. it is a the concept of two reception-- recessions. 1 mile one and one deeply severe one but also a consequence of a choice of how to govern and a bunch of choices to suspend and abandon basic disciplines like paygo and finance very expensive expansion of entitlements in tax cuts. now, the recovery act and can jb did a very modest additional anchormen to that budget deficit, to not have broken the back of that financial panic. i am very confident and we have evidence to support that recently, that we would have had much worse growth, much highe