We have a cspan audience, Live Streaming soap wonderful to have everybody joining us for what they think wilwethink will be at conversation. Im excited about the people weve gathered and the ideas we are going to be discussing. Welcome to the committee for responsible budget for thostherf you who do not know if they Nonpartisan Organization the board of directors or people many of whom are with us today who have run all the bigbudget institutions in washington so the federal reserve, the treasury department, omb, the Budget Committees comes of a. To try to have a realistic understanding of the budget improvements are going to be needed to improve the fiscal situation in the country and to trick yo to have in a bipartisan way it kind of understanding of how hard it is to make these traces but there are so many reasons they are necessary to keep moving the ball forward. With that said i will say it is a rough time for the budget policy this country. Nobody should be under the impression
Weve gathered and the ideas we are going to be discussing. Welcome to the committee for responsible budget for thostherf you who do not know if they Nonpartisan Organization the board of directors or people many of whom are with us today who have run all the bigbudget institutions in washington so the federal reserve, the treasury department, omb, the Budget Committees comes of a. To try to have a realistic understanding of the budget improvements are going to be needed to improve the fiscal situation in the country and to trick yo to have in a bipartisan way it kind of understanding of how hard it is to make these traces but there are so many reasons they are necessary to keep moving the ball forward. With that said i will say it is a rough time for the budget policy this country. Nobody should be under the impression that the Fiscal Health of the country is good. It is not. Our debt relative to the economy is twice what its been on average. We are on track to bother us to be 10 trill
Peace. It is not targeted at a nation. Willapan and u. S. Alliance function in its entirety, if japan is exposed to crisis. Communicating this, the power less asent disputes is rig a result is greater as a result. Exert my utmost to strengthen the japanese peoples understanding of this inflation. I believe that the japanese understanding of history is not in of warm stop how do you want the japanese people to understand the statement and what message do you want to communicate to the people . Abe i drafted this statement with the hope of having as many people as possible approved and support it. Based on this premise, i want basis of a the aces t andre with asian other. Statement, ihis did not want to adhere to statements like japan making a mistake. I want to draw lessons from history. So, i assembled the Advisory Panel and asked the experts to undertake that work. When we turn our eyes to the world, the conflicts and disputes have not ceased. Whether ukraine, South China Sea, or east
Why the heck is that news . Cmon, man. Ever since the great bull market of 1982 began 15,000 dow jones points ago, investors struggle to digest fresh fears. Dow ultimately gaining five points, s p advancing just 0. 8 , and future were down last night, what truly is a shame is this kind of evergreen story is now a staple to so much business journals. It costs people so much money. These pieces have caused a steady departure of individuals investing in stocks, in large part because they dont understand the fears do get digested, and when they do, stocks can rally. So i want to use in as a chance to talk about how risk and how how risk and stocks per se are risky assets, but you cant get it any reward without some risk. There are many kinds of fear, but only some are actually worth worrying about. Sell sell sell. For example, 2008. Sell sell sell. We had true Systemic Risk, which it seemed like all of our basics were on the brink of disaster, Systemic Risk must be avoided even if it means
Effectively and with integrity. What does your background have to be . Well, the statute that created inspectors general stetz that iegs need to have generated expertise in a number of professions, any one of them, auditing, investigations, Law Enforcement, public management, and above all, be people of the integrity. How long have you been the Inspector General for the Agriculture Department. Since december of 2002. How would you drip this specific job at agriculture . At agriculture, my job is to oversee the operations of all of usd as programs to make sure that they are being delivered as effectively as possible. And so what that means on a daytoday basis is that we in the iags office conduct audits to make sure that programs are running effectively, that improper payments are not going out the door. And we also conduct investigations. When ever there are allegations of wrongdoing in a program, either by a Department Employee or by a person whos receiving benefits, its our jurts dic