This Committee Hearing is 2 15. The hearing will come to order. Todays hearing will examine the need for fiscal or Debt Commission and hear from a panel of experts including current and former colleagues that have been through these battles and lived to talk about them. In fact, its a little extra special to have my mentor and friend steve womack who i am serving as chairman in the shadow of this beautiful portrait behind us and honor to have you back here in your chamber. Senator rob portman, ambassador portman is from ohio and delighted that youre hear. And he was a member of the bicameral Super Committee established as part of the budget control act of 2011 and served as director of o. M. B. During the Bush Administration which is where i got to know him. And he has given a lot of these issues over the years. Ambassador, thank you for your time and welcome you here. And alumni of the peoples house. Our friend from north dakota has worked on issues from 2001 to 2003, 2007 and 2013 an
Get informed straight from the source on cspan. Unfiltered, unbiased, word for word. From the Nations Capital to wherever you are. To get the opinion that matters most. This is what democracy looks like. Cspan, powered by cable. House and Senate Lawmakers testify on the potential for a Bipartisan Fiscal Commission to address the National Debt and Government Spending. They also talk about the need to protect Social Security and medicare from becoming insolvent and why its important for congress to Work Together to fix the countrys debt problem. This House Budget Committee hearing is about two hours 15 minutes. [background noises] the hearing will come to order break todays hearing will examine the need for a fiscal or Debt Commission. Well hear from a panel of experts including current and former colleagues that have been through these battles and have lived to talk about them. In fact extra special to have my mentor and friend steve who i am now literally serving as chairman and the sh
[background noises] the hearing will come to order break todays hearing will examine the need for a fiscal or Debt Commission. Well hear from a panel of experts including current and former colleagues that have been through these battles and have lived to talk about them. In fact extra special to have my mentor and friend steve who i am now literally serving as chairman and the shadow of his beautiful portrait behind us. And so it is an honor to have you back here in your chamber. Sender rob portman, ambassador portman is from ohio. We are delighted that you are here. He was a member of the bipartisan bicameral Super Committee established by the budget control act of 2011. He also served as director of omb during the Bush Administration which is where i got to know him. He has given a lot of thought to these issues over the years. Ambassador, thank you for your time we welcome you here. What is he . An alumni of the peoples house. That is why we have you here because you are one senato
Congress to Work Together to fix the countrys debt problem. This Committee Hearing is about two hours 15 minutes. [background noises] the hearing will come to order break todays hearing will examine the need for a fiscal or Debt Commission. Well hear from a panel of experts including current and former colleagues that have been through these battles and have lived to talk about them. In fact extra special to have my mentor and friend steve who i am now literally serving as chairman and the shadow of his beautiful portrait behind us. And so it is an honor to have you back here in your chamber. Sender rob portman, ambassador portman is from ohio. We are delighted that you are here. He was a member of the bipartisan bicameral Super Committee established by the budget control act of 2011. He also served as director of omb during the Bush Administration which is where i got to know him. He has given a lot of thought to these issues over the years. Ambassador, thank you for your time we welc
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