romina, could you begin? >> thank you for the introduction, tend to thank you all for being here today. i want to focus my remarks on how the new congress can control government spending and reduce waste. and so i'm so pleased to follow representative price with those remarks. the first thing the house and senate have an opportunity do now is agree on a budget resolution. and that budget resolution needs to address growing, spending and debt at its root. the current half a trillion dollars deficit of this year has been hailed as a great improvement but the extent that it is an improvement, it is a very fleeting one in deed because he for the end of the decade, the deficit is projected to exceed trillion dollar levels again. so when order to rein in this growing deficit, it's important we understand what's driving it and then we can control it. what's driving this growth in spending and the debt? 85% of the projected growth in spending over the next decade is driven by health care and retirement entitlements a

romina and congressman price pointed to areas to focus our attention. the debt ceiling debate and controls for the murray ryan plan will cease to exist and expire. the disability insurance trust fund will be insolvent in 2016 and the budget process in general so there are issues we need to focus on what should our spending priorities be and focus on what are cuts, what are slowing of the growth, what's quote/unquote useful spending. we're not saying all spending is bad but the three major entitlements are growing rapidly and when congressman price talks about trying to save the programs, secure them and make sure they're around even with savings, the savings don't have to be cuts from zero, cuts from last year. really need to slow the growth of spending. if we can slow the growth of those programs, we'll go a long way towards balancing those programs, fiscal obligations and balancing our financial position in the u.s. government. >> thank you. let's open it up for questions. you guys got to have some. right here. >> thank you and for your presentation a