more over, there are some 500 to 600 million people living in poverty but clearly india is moving rapidlily through it own economic development to address that and i'm confident that that will continue to change. so, we can be real partners in the effort. and we can do so in ways that empower all classes of india's society. and i hope they see benefits to their every day lives because of that relationship. nancy powell, we look forward to your confirmation being moved through the senate as quickly as possible. i'll have to turn the gavel over shortly to be at a, and i appreciate appembassador powell understanding of that. >> thank you mr. chairman, let me join you in the concern you expressed about the events in egypt. i was startled, i should say shocked by the arrests and the detainment of 86 americans involved in attempting to work with citizens of egypt to promote democracy. i think that each one of us over the years who have been involved in delegations going to other countries, to monitor elections or to assist citizens with the national democratic institute and republican institute a

show the budget gap increasing significantly over time and the out standing debt to gdp will rise rapidlily. this is clearlily unstainable. this did not occur overnight, it's the result of fast rising health care costs and an aging population. the cbo projects that net federal outlays for motorcycle entitlements could rise to 25% of gdp, the time for projections to be reality is coming closer. having a large and increasing national debt runs the risk of serious economic questioconsequ threatens to crowd out private capitol formation and from borrowing from a broad, the income we have would be devoted to intere interest payments on the debt. even the prospect of unstainable deficits has costs, including a increased possibility of a sudden fiscal crisis. as we have seen in a number of countries, and rates can soar quickly. although historical experience and economic theory do not indicate the exact threshold as which the debt would increase, we could be sure that without reaction, we will move closer to the point without action. to achieve economic and financial stability, u.s. fiscal policy

the growth in social media is rapidlily changing the workplace and how we communicate. example, an average 10,000 tweets on sunday evening during the super bowl. this is the essence of technology, it lets us do what we could never have imagined and includes those with bad motives. it has changed the banking and sharing of personal information. and so this discussion must be a discussion on economics. there's two sides. if we focus on technology and technology development, we are likely to miss the technology and solution adoption. the market is delivering information at an unprecedented pace in history but adoption of available solutions has not kept pace and should be a topic further examination and discussion. many low cost solutions are available on improve any user's protection profile. and accordingly there are things we can do together. it is reported that some of's % of the vulnerables are the result of no cyber security. this is basic blocking and tackling. it makes it more costly for the bad guys to do harm. when our nation was confronted with the threat of the