[inaudible conversations] this meeting will come to order. Good afternoon and thank you all for joining us. Today our committee is honored to welcome secretary secretary steven to testify for the budge. Secretary, we are grateful for your time and thank you for your testimony. Members of this committee know our annual hearing with the trect secretary on the president s budget plays an incredibly important roleing our world. Todays conversation sets the stage for collaboration between congress, the white house and treasury department. Todays conversation helps us identify in advance efforts to grow the economy, create jobs and increase americas pay checks. We will have an open dialogue on the challenges facing our businesses workers, community and countries as a whole. Reading through the fiscal year 2018 budget it is a welcoming change to see this budget balances in the next decade. The president s proposal takes much needed action to glow economy and help americans move from welfare t
To the Economic System and our position in it than perhaps you have heard before. And even more important, and what this book is about, an alternative solution for dealing with it different from what you might have heard before. So, first, where are we here in the United States and in ththe World Economy . And im not gonna tell you what you already know, which is that this is the worst economic crisis in my lifetime and therefore in yours, that it began in 2007, which means it is now comingng to the end of its fifth year and that there is no end in sight, that the efforts of governments around the world, including the United States, to end it long ago have not proved successful, that the prognosis is not good, that the problem is almost like a disease in the sense that it begins in the United States in 2007, 2008, and 2009. The europeans look at the United States and thank their lucky stars that it isnt so bad only to discover that it has metastasized over there. And the last 2 or 3 ye
To the Economic System and our position in it than perhaps you have heard before. And even more important, and what this book is about, an alternative solution for dealing with it different from what you might have heard before. So, first, where are we here in the United States and in ththe World Economy . And im not gonna tell you what you already know, which is that this is the worst economic crisis in my lifetime and therefore in yours, that it began in 2007, which means it is now comiming to the end of its fifth year and that there is no end in sight, that the efforts of governments around the world, including the United States, to end it long ago have not proved successful, that the prognosis is not good, that the problem is almost like a disease in the sense that it begins in the United States in 2007, 2008, and 2009. The europeans look at the United States and thank their lucky stars that it isnt so bad only to discover that it has metastasized over there. And the last 2 or 3 ye
To the Economic System and our position in it than perhaps you have heard before. And even more important, and what this book is about, an alternative solution for dealing with it different from what you might have heard before. So, first, where are we here in the United States and in ththe World Economy . And im not gonna tell you what you already know, which is that this is the worst economic crisis in my lifetime and therefore in yours, that it began in 2007, which means it is now comingng to the end of its fifth year and that there is no end in sight, that the efforts of governments around the world, including the United States, to end it long ago have not proved successful, that the prognosis is not good, that the problem is almost like a disease in the sense that it begins in the United States in 2007, 2008, and 2009. The europeans look at the United States and thank their lucky stars that it isnt so bad only to discover that it has metastasized over there. And the last 2 or 3 ye
To the Economic System and our position in it than perhaps you have heard before. And even more important, and what this book is about, an alternative solution for dealing with it different from what you might have heard before. So, first, where are we here in the United States and in the World Economy . And im not gonna tell you what you already know, which is that this is the worst economic crisis in my lifetime and therefore in yours, that it began in 2007, which means it is now comiming to the end of its fifth year and that there is no end in sight, that the efforts of governments around the world, including the United States, to end it long ago have not proved successful, that the prognosis is not good, that the problem is almost like a disease in the sense that it begins in the United States in 2007, 2008, and 2009. The europeans look at the United States and thank their lucky stars that it isnt so bad only to discover that it has metastasized over there. And the last 2 or 3 year