mr. clyburn, mr. becerra, mr. van hollen who are participating in the deficit reduction committee, which we also believe, if you are going to reduce the debt you need to grow the economy, you need to grow jobs because that will increase revenue without any references to tax increasing and therefore bring down the deficit. i believe very strongly that this committee must be successful. if it is successful, i think it will grow confidence in the private secretaryor and it will grow confidence in the international community. that america in fact can meet its challenges and meet them successfully. i hope all of my colleagues on either side of the aisle, and i know my three colleagues on the committee, will seek that end. let me now yield tocies -- the assistant leader of our party, mr. jim clyburn, to discuss among other things infrastructure and how we grow our investment and infrastructure and therefore grow jobs in america. >> thank you, mr. whip. madam leader, colleagues. those of you who have visited charleston,

mr. clyburn. the gentleman from connecticut, mr. larsen. the gentleman from california, mr. becerra.hollen, and the gentle woman from new york, miss opal. >> the president appoints the following senators as members of the committee on the part of the senate to escort the president of the united states into the house chamber. the senator from nevada, mr. reid. the senator from illinois, mr. durbin. the senator from new york -- >> they're introducing the delegation that's going to escort the president of the united states, the leaders of the senate, the leaders of the house, democrats and republicans. they will bring the president in. he'll be obviously warmly received, and then he'll deliver his remarks, some of which won't necessarily be warmly received especially by the republicans in the house of representatives and the senate. gloria, i interrupted you, but go ahead, finish your point. >> well, you asked about john boehner's relationship with the president. i think they do have a warm relationship, but when i talked to senior advisers at the white house, it really seems to be a se

mr. clyburn: i ask unanimous consent to have my name removed as co-sponsor of h r. 11 -- >> i ask unanimousve my name removed as co-sponsor of h.r. 1161. the speaker pro tempore: under the speaker's announced policy of january 6, 2011, the gentlewoman from the virgin islands, mrs. christensen, is recognized as the designee of the minority leader for 60 minutes. mrs. christensen: thank you, mr. speaker. i'm pleased to join my colleagues in the congressional black caucus to talk about jobs for this first hour. we're pleased we're going to be led this night by our democratic whipe, the honorable steny hoyer, the person who has led us in the make it in america agenda. for such time as he might consume. mr. hoyer: i thank the gentlelady for yielding and for her leadership. i want to thank the congressional black caucus which has raised this issue to a new height of not only visibility but of hope. emanuel cleaver, chairman of the congressional black caucus told a wonderful story in our caucus the other day. he said there was a little by boy and his dad and his dad was reading the paper and the l

mr. clyburn, mr. van hollen, who are going to participate in the debt reduction committee. any reference the taxes increasing, therefore bringing down the deficit. i believe very strongly that this committee must be successful. if it is successful, i think it will grow confidence in the private sector, and it will grow confidence in the international community, that american in fact can meet its challenges and make them successful. i hope all my colleagues, on either side of the aisle, and i know my three colleagues on the committeeill see that end. so let me now yield to the assistant leader of our party, mr. jim clyburn, to discuss and researcher and how we growth that and grow jobs in america. >> thank you, mr. whip. for those of you who have visited charlesto south carolina, in recent years," you probly have seen a magnificent new bridge. it is a talking point up and down the east coast. that bridge was made possible by a state infrastructure bank. the money is gathered by that bank and was leverage to secure a loan. it is a man of isn't structured, but in addition to g

. >> gentleman from south carolina, congressman clyburn is recognized. the >> thank you, mr. chairman. mr. chairman, in 1986, a republican president in the democratic congress found common ground and came to the bipartisan agreement at some of us didn't know where we are trying to get to today. in that agreement, capital gains rate as low as income tax rates were the same. i think it was 20%. it stayed the same for about four years. could you tell us about the significant decrease in unit status during those years? >> i don't know the answer to that question of the top of my head between 1886 in 1990, the economy generally grew at a reasonable pace. >> that same four-year period? since 1990 we've had subsequent reductions in the capital statutory rates. have we seen any significant increase that can be attributed to that, chevette reduction? >> well, attributing broad macroeconomic outcomes to specific provisions is always very difficult. of course in 1990, 1991, we did have an economic downturn. we then had strong growth. we had a downturn again at the turn-of-the-century. >

. >> gentleman from south carolina, congressman clyburn is recognized. the >> thank you, mr.n. mr. chairman, in 1986, a republican president in the democratic congress found common ground and came to the bipartisan agreement at some of us didn't know where we are trying to get to today. in that agreement, capital gains rate as low as income tax rates were the same. i think it was 20%. it stayed the same for about four years. could you tell us about the significant decrease in unit status during those years? >> i don't know the answer to that question of the top of my head between 1886 in 1990, the economy generally grew at a reasonable pace. >> that same four-year period? since 1990 we've had subsequent reductions in the capital statutory rates. have we seen any significant increase that can be attributed to that, chevette reduction? >> well, attributing broad macroeconomic outcomes to specific provisions is always very difficult. of course in 1990, 1991, we did have an economic downturn. we then had strong growth. we had a downturn again at the turn-of-the-century. >> thank

. >> co-chair recognizes congressman clyburn of south carolina. >> thank you, mr. chairman. mr. barthold, thank you so much. i have two quick questions. when testifying last week, i asked a question about unemployment and what impact that number of has on the deficit. could you give me some idea as to whether or not you think there's any correlation between that unemployment rate, job growth, and the deficit? >> between job growth and -- >> job growth -- let me ask another way. reducing unemployment, dropping unemployment to 8.6%, can you give me some idea what impact that has on the deficit? >> well, i'm sure that doug probably gave a more precise estimate. >> i assure you he didn't. he said he'd get back to us. >> okay, well, then, i'll wait for that too. [laughter] the general principle that he's going to do is to get lower unemployment, you're getting stronger economic growth. stronger economic growth means there's more national income meaning our tax base is expanding so if we could magically get more economic growth, you know, doing nothing, then the deficit would decline

clyburn, brown, mccaskill.óóó senator akaka is not here,óóó senator moran is not here so weó will go to senator begichóó petraeus genex before mrme if ióóóó can follow-i can and regards to mr berry to follow-up on that i understand the 6.9 billion, you don't question that. you want to give it to the post office sooner rather than later. we all agree on that. the 50 billion give or take, do you agree on that number? i am to stand you've got the process convoluted between the sides so do you agree on the number? >> it would take -- we would need to get the actuaries on all of the parties in a room together. >> but you said you had asked where eagles do the work. >> i appreciate your message that we are following the law because that is what has driven our interpretation is applying the standard of the law. the law has us do this on an annual basis and not look forward in terms of the issues that you heard mr. levy discuss on a fair and equitable. >> the work that your editorials did, did they indicate any overage payment, any payment above 1 million, million, 40 billion, 50 billion, any number? >> we would agree there are man

clyburn, brown, mccaskill.óóó senator akaka is not here,óóó senator moran is not here so weó will go to senator begichóó petraeus genex before mróóóó can follow-i can and regards to mr berry to follow-up on that i understand the 6.9 billion, you don't question that. you want to give it to the post office sooner rather than later. we all agree on that. the 50 billion give or take, do you agree on that number? i am to stand you've got the process convoluted between the sides so do you agree on the number? >> it would take -- we would need to get the actuaries on all of the parties in a room together. >> but you said you had asked where eagles do the work. >> i appreciate your message that we are following the law because that is what has driven our interpretation is applying the standard of the law. the law has us do this on an annual basis and not look forward in terms of the issues that you heard mr. levy discuss on a fair and equitable. >> the work that your editorials did, did they indicate any overage payment, any payment above 1 million, million, 40 billion, 50 billion, any number? >> we would agree there are many ways