russo and mr. duffy to talk about the report. >> thank you. fred russo from the budget analysts office. i want to do a quick overview of our report, prepared at the request of supervisor mar. he provided a number of project objectives for us on this research. i guess that the machine is not done. reviewing practices and bottles for aging in the community, starting in the place that expanded into community when we realize that some people were aging while staying in their home was not a good option. what the supervisor asked is that we review demographic information about the population in san francisco and that we look at housing programs to determine the number of seniors in an on waiting lists for affordable public housing, providing legislative recommendations to encourage and enable residential upgrades to allow seniors to remain in their homes and communities. i will start with at the demographics. as the supervisor looted, the baby boom generation is aging and the impact is certainly going to be felt in san francisco. in 2008 the populat

mr. duffy goes on to say, they must be established before interested parties can meaningfully addressed other proposed rules. your commission, i believe, has proposed some roles. comment periods have closed and other roles, and yet many commentators do not even know without the proper definition and clarity whether or not certain rules will apply to them. how can you have a meaning like -- a meaningful comment periods? >> i read mr. duffy's testimony closely as well. we are meeting with him at 2:45 p.m. today and we want them to comment on these rules. we are humans and we need to move them out. but if you have comments on earlier proposals, and they relate to this definition's rule, include them. send them and then we'll use our discretion and distribute them and get them into the right file. just like this entire hearing, we will put in our comment file, everything you have to say is important to our process as well. >> i think the gentleman makes a good argument. i hope you can find a better

mr. duffy goes on to say they must be established before interested parties can meaningfully address of the proposed rules. so, your commission i believe says proposed some rules, comment periods have close on other rules. and yet, many commentators don't even know without the proper definition clarity whether or not certain rules will apply to them. so how can you have a meaningful comment period, chairman gensler? >> we've indicated and i've read mr. duffy's testimony very close as well. we've indicated with mr. duffy that we want all of the cnes and all of the public's comments if these rules have been staggered partly because we are too. we need to just move them out. but if your comments on earlier proposals for close page have happened and to relate to this definitions rule, including. send them in. will use our discretion industry there and get them into the right comment files. everything that you'll have to say it is important to our process as well. spent i. >> i thank the gentleman m

mr. duffy: permission to revise and extend the chair: no objection. mr. duffy: i appreciate you yielding time to address the issue today regard to unspent or unobligated stimulus money. two years ago, this congress voted to spend nearly $1 trillion of stimulus money and said we could borrow and spend our way to prosperity. two years later, we are aware that borrowing and spending doesn't lead to economic prosperity and sustainable jobs. people who invest in their businesses and ideas and from there, they expand and grow. that's how we create jobs. now we are stuck with a $14 trillion debt. this year, we are going to borrow $1.5 trillion. more borrowing, more spending is going to lead job-crushing taxes and passing this debt on to our next generation. it's unacceptable. i'm encouraged we are working on sending unobligated money back to the fed to pay down our debt. i yield back. the chair: the gentleman yields back. which gentleman seeks to be recognized? the gentleman from kentucky has three minutes. the gentleman from washington has 11/4. mr. dicks: i yie