Remarks from 2020 president ial democratic candidate Bernie Sanders and spoke about his medicare for all proposal yesterday at George Washington yesterday. This is about 45 minutes. Cheers and applause] senator sanders lets make a political revolution. [cheers and applause] senator sanders let me thank all of you for being here this afternoon to discuss one of the country,ses facing our crisis that is on the minds of people all across the nation and let me thank the dozens of organizations throughout america who have supported my medicare for all bill and let me thank the tens of thousands ofdom tors and nurses and other Health Care Professionals who understand that we cannot continue with the current dysfunctional Health Care System and let me thank the 14 cosponsors of my legislation in the senate and the over 100 cosponsors of similar legislation in the house. And mostly, let me take this opportunity to thank the American People, who increasingly understand that health care is a hum
This is bill hoagland of the by paulson part of the center to talk to you about the effect of debt on the federal budget in the next many years. Thank you for giving us your time. Glad to be here. Looking out 30 years, what is the potential when it comes to the debt in the United States . The total amount of debt will continue to grow. A lot of factors involved in that. These are all projections that could be off, but generally because of the demographics of the changes in the way we are an aging population and the fact that we pay a lot in terms of medicare and Social Security benefits will continue to grow. As a consequence, along with just paying the interest on accumulating debt itself means we will be looking at the possibility of the debt to what we call the debt to the level of government growing to what it is today which is at a historic high, around 78 of gdp, well over to 150 over the next 30 or 40 years. There was a report a couple weeks ago that made these projections. 144
Would think about what we are doing with our military . Soldiers want to serve in the military, et cetera. Guest first of all, in terms of our federal spending for national security, which is part of the constitution and thatction of our country, is probably about 15 , 12 to 15 of total spending. The total number of entitlements , in terms of Social Security, medicare, medicaid and paying the interest on public debt that has to be paid, we are talking about 70 . Theres a difference here. You could reduce defense spending. Its not something popular right now. The president has asked for an increase in defense spending as well as there seems to be consensus in the congress there should be an increase in defense spending relative to where we are today. Even though the uncertainties. Im not disagreeing with you or suggesting we shouldnt look for finding where there is waste abuse or whatever, unnecessary spending in defense and nondefense programs, but still, after said that having said th
Cspan3, online at cspan. Org or listen with the free cspan radio app. [captions Copyright National cable satellite corp. 2019] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] and the house coming in, getting down to legislative work after the fourth of july recess, taking up seven bills this afternoon. All from the Financial Services committee, including a whistleblower protection bill. Also, the house has announced theyll vote friday on the 9 11 Victim Compensation fund bill which passed by the Judiciary Committee unanimously last month by voice vote. And tomorrow, the house will 733 k on the 7 3 defense appropriations bill. The Senate Passed their version. 750 billion measure. Votes in the house this evening at 6 30 eastern. Theyll be here shortly. Live coverage on cspan. The speaker pro tempore the chair will postponefurther proceedings today on motions to suspend the rules on which a recorded
The hearing of subcommittee on general farm commodities and Risk Management entitled reviewing the state of the farm economy will come to order. Good morning and thank you for joining us, as we look into this critical aspect of our economy. Every one of us seated up here has heard from farmers in our districts about the bad farm economy. Commodity prices are low, input costs are rising and financial pressure is mounting on farmers across this country. While we hear so much about the booming state of the overall economy, our rural and farm economy continues to struggle. You cannot have a successful National Economy when such a vital component hurts the way our farmers are currently. The numbers paint a rough picture. Usda forecasts net farming level for 2019 to be only 77 of the annual average for 2000 through 2017. Its down 50 from 2013 alone. Inflationadjusted farm debt is the highest it has been since 1980 and the debt to asset ratio for farmers is rising steadily. This hearing offer