[applause] primary thank you so much and look forward to the discussion. Thank you and i want to thank everyone for coming back of the room is pretty full. Its really what everyone was waiting for you spent the whole morning here. Last night i went to sleep, i was thinking this event is set up perfectly, the sequencing of the panel first the director women will give us the percentage of gdp in which it becomes guns available. There will come in and tell us that night is falling for the last it is in order, the economy will collapse and this cannot both will in the afternoon and saved america and eventually have statues all around the country. The panels for those of you who did not quite go where i laid out and assume we are here to talk about how to raise taxes in the subpanel about policy not politics policy does not operate in a vacuum, its a political something of those work earlier today. I want to talk about ways in which we operate. Ill ask this way, why the reduction so hard, w
New york city who is helping us to h great and educated guide fr teachers speeded you canan finih watching this if you go to our website at cspan. Org. We will live there to take your life to a conference on federal spending and debt. Current debt, which is around 100 of gdp is at a level we havent seen since world war ii and is a growing cause of concern. Tackling this problem presents a variety of challenges. Today were fortunate to have a group of very smart and accomplished people who are going to share their insights. Well get to hear a variety of perspectives. To do this, we have a mix of panels, discussions and speakers. Well hear about the economic and fiscal challenges caused by the debt. The impact of debt on invests and consumers, the roles played by Social Security. Approaches for analysting fiscal policies and finally a discussion of potential policy options. And a number of dimensions of the debt challenge. For our first panel we have two distinguished speakers, arguably
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