Im going to encourage everybody to sit down, grab their seats. Keep eating. Okay. Welcome, everybody. Im maya mcginnis, i run the committee for a responsible federal budget and it is not every day that you see an overflow crowd for a whole event on budget process, so were really excited to have you here. We have a cspan audience, were Live Streaming this, so wonderful to have everybody joining us for what i think is going to be an excellent conference. Im really excited about the people weve gathered here and the ideas we are going to be discussing. So welcome. The committee for responsible federal budget for those of you who do not know is a nonpartisan organization, the board of directors are people who many of whom are here with us today who have run all the big budget institutions in washington, so the federal reserve, the treasury department, omb, cbo, the Budget Committees. So they are the whose who of the budgeting world. One of the things that we like to do is work with folks o
Putting together the session. A great deal of interest to ge capital capital, and i think to any issuer who makes regular use of the bond markets. The whole question of liquidity and if it doesnt function as it should means the bond markets do not function efficiently. Representing issuers or the viewpoint, which is what im most familiar with, to the extent that the bond markets cease to be effective, more important, a source of capitol, which can be flexible in its form, and allows issuers like ge capitol to hedge its Balance Sheet risk. The reason i say that is concerns about liquidity, having impact on secondary Market Pricing and also on the new issue premium, which investors quite rightly and logically demand to take on in order to buy a new bond transaction. To the extent there is a disconnect in the market, and those issues are elevated. It translates 2krek9ly into a higher cost for funds. And by further extension it can affect what business is chosen to go into or not, and ulti
And the recent cdc report on heroin use that found an increase in heroinrelated deaths. We are live with phone calls at 7 a. M. Eastern time on cspan. Considered underrated by many first lady historians, Caroline Harrison was an artist who carried a interest to the white house, establishing the china collection. She was interested in womens issues and help raise funds for Johns Hopkins on the condition and admit women. And she was the first general of the daughters of the American Revolution for she died in the white house from tuberculosis. This sunday night on a pm eastern on cspan;s original series, first ladies. Examining the private and public lives of their influence on the presidency from Martha Washington to michelle obama. On American History tv on cspan3. Ohio republican Governor John Kasich formally launched his campaign on tuesday. Today, he held his first public event and the early primary state of New Hampshire. He discussed his views on the economy, energy policy, federa
There is no way to turn this clock back. I dont want to turn it back. We need to recognize inherent in each virtue, and i summarized them on the side, is the risk. To the degree that i concentrate or communicate or take people out of the loop, et cetera, to the degree i buy the benefits of this technology and each and everyone of those steps i introduced security consequences that are, give risk, give rise to greater risk, the virtue of the system is intertwined with its limitation, its liabilities and its risk. That is fundamental. It is not just that the complexity of the system gives me these problems. One reason Technology Fixes just dont get me there, every time i buy more security i tend to do so in ways that are involving sacrifice of virtues. I want to spend a minute having talked about software to say a little bit about hardware because the hardware insecurities are quite, quite real as well. Youre aware of that. Easy example i can give is just people tend to think about suppl
By little you send them back as agents for their intelligent service. I think you need to have somebody who is well versed that can sit down and and look at propaganda, counter propaganda. Very important point. When we talk about the islamic state, again, you can defeat of some capabilities, but you cannot eliminate the ideology. Some places like morocco they try to encourage dialogue and train even women to discuss this issue with religions from other countries. Its a long process. I think the point that you made is a practical, a very important one. We are looking at the clock and the clock is ticking. Im going to ask general gray to make the final remarkses for todays seminars. I want to add my thanks to what i think was a great panel today and certainly many, many very fine comments. I think, again, we have to remember that, you know, we are a great country and with great people in the United States, but there are other great countries in around the world, all of them have many plu