Among people in the Financial Community about what the Interest Rates will go back up to undergo backup. And so we expect someone push Interest Rates down and for example the growth of the labor force which reduces the number of people who are coming to work with any piece of capital and that pushes down Interest Rates and we look at the Interest Rates and a greater share of income going to high income people and increases saving and pushes down Interest Rates and a number of this relative to history and we also is think that there will be a info from abroad and i dont think that will pushes the we have the letter, if you will and we have that using the evidence that exists to assess these rules for sizes and let them we would like them to be somewhat lower over the next 25 years and so we took down the production of this by a percentage point. So if we put that back up, we did show in our report that if Interest Rates were have a percentage point higher over the entire 25 years and we
Outh in binding the country together for infrastructure projects, through supporting on, he wasr and so deeply suspected by the Southern States who saw that he wanted too much power for the federal government. Life ofkaplan on the our sixth president , john quincy adams. Congressional Budget Office or Douglas Elmendorf said changes are needed to sustain Health Programs such as medicare. His comments came during testimony before the house Budget Committee. This is just over two hours. To make sure that every witness knows that it is against the law to provide false testimony to a committee of congress, we have begun this new committee. We are taking this step only because of a recently Code Guidance were have been given by the department of justice. Please just raise your right hand. Or affirmemnly swear that the testimony you are about to give is the truth and nothing but the truth . Yes. Do we have that over with . Welcome to the hearing today. We are going to discuss cbos longterm bu
When we are doing automatic adjustments . With that said i think it would be an improvement however we did it so if we to indexing when it came to when it came to individual parameters that would make sense as well. One thing i would notice we should be sure to index both the benefit side and the revenue side as in fact Peter Diamond suggests. To be critical of such an automatic mechanism would not simply be solvency. Our Current System would probably be made solvent. Congress will just get around to it later and focus changes on later generations. So the idea here is to spread the adjustment of properly and especially to share risk across generations but i also dont mean to suggest this is the way we will get to solvency from where we are today. Right now congress and the president do need to agree eventually a compromise. The point is we can build on these kinds of mechanisms and to compromise legislation so as to preserve the dealer has made an spread risks across generations rather
In one year later over 50 of the participating increased at least one little the grid letter grade. It is making a difference in the district and two of his principles are here to test to that. Stacey from milwaukee Valley Intermediate School and derek from milwaukee valley middle school, both of whom had courage to take part and schools have seen great growth in their kids and in their grades. Congratulations. [applause] thank you for your willingness to help our kids. This year we should fund and implement a similar mentor ship program but for teachers. Exemplary teachers struggling with it and in doing so we can make big gains. Classroom by classroom. And school by school. And if education is the most powerful tool in the life of a child we should honor and reward our best teachers and to intervene quickly to help those who need it. But we must shoes courage over comfort. The status quo is comfortable. Each teacher paid the same. Every evaluation identical with the misguided believe
When you act you have the voices of real people in the back of your mind which of course, is always better than acting without that. Thank you. If i can say one more thing about the Actual Experience of working with a client. They have to tell you very personal things because you need to know about theyre children and where they live and what they are doing and if they have lost there job. So you so you have to deal with them on a personal level. I had a client years ago and if i start crying, dont be upset. Upset. This woman had been through a horrendous situation, been evicted from her apartment. In a homeless shelter with her children. Her sister turk and the children but would not take her. Anyway she got a job at cvs working at one hour photo. This is a job that some of us might not value. It was the most wonderful thing in this womans life. She came in and said how blessed she was to have this job and it was great. And the people she worked with were fabulous. I did the return. T