The international. Either imax guys or this is the kaiser report you know one of those mysteries when the bailouts came in 2008 oh theres a lot of money printing going on people said well wheres the inflation the government says theres no inflation you know and then a lot of people say well actually health care and education are skyrocketing in value you dont count and thats why youre misreading inflation and this has been going on for years new evidence suggests. We found it we found the missing inflation stacie right that is because 2019 has been a year that all that was hidden is being revealed trump is the great revealer in politics and geopolitics so he now openly says what was always the truth for example that were there for their oil we werent there to help the women and children of iraq were there to take their oil and that is the truth and that has always been the truth he has revealed this truth he has also revealed that in fact our trade policies since nafta since especially
Sector. And as we cover here one explanation is greed and that these you know they used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing that persons going to go bankrupt so the missing inflation number has been discovered right because as you point out he donek adjustments hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the basket of c. P. I. Dont put in the basket of the inflation index that they use to report on Inflation Health Care was getting too expensive so they removed it however americans are now borrowing lots of money for that skyrocketing Price Health Care and we see that now in the defaults on their subprime credit rate and sub prime auto because you need a car. To get to work you need a car to get to the hospital and these are things that are not included in the basket so now the
Means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2 years delinquency rate means 30 days or longer overdue your payments are. The largest banks have a delinquency rate of 2. 58 percent so half of what youre seeing in the subprime sector. And as we cover here one explanation is greed and that these you know the used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing the person could go bankrupt so the missing inflation number has been discovered right because as you point out he dominic adjustments. Hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the ba
S2662, the growing American Innovation now act or the g. A. I. N. Act this would bring long overdue ledges lative reform to the Clean Air Act review program. It protects air quality when industrial boilers, factories and power plants are modified or newly built. The g. A. I. N. Brings clarity to factory and power plant owners as well as to state permitting officials about when permits are needed. The new Source Review Program was originally designed to support pollution control projects and upgrades. Its actually had the opposite effect. In its current form the program is complex. Its costly. Its time consuming. The program directly slows Economic Growth. It slows job creation. It slows Technical Innovation as well as the ability to modernize our american industry and infrastructure. The Portland Cement Association Submitted a letter outlining the extreme burden that new source review places on its members. The association explained that, quote, a Member Company sought a permit to comb
Works committee. Its about two hours. I call this hearing to order. Todays hearing is about the need for this committee to draft and to pass a bipartisan Highway Infrastructure bill. Both Ranking Member carpers staff and my staff have been working on drafting this legislation along with all of the members of this committee. We appreciate all the input we received from our home states, from our fellow members and from transportation stakeholders. Its our shared goal to advance a bill out of the committee this summer. That means the Senate Environment and Public Works Committee will be first out of the gate to pass a Highway Infrastructure bill. This is appropriate given the history of bipartisan efforts to pass previous surface as far as surface transportation bills. Chef crumbling roads and bridges and they need to replaced. Projected population growth and existing congestion require states to build new capacity to meet future needs. Our economy is built upon a well functioning road sy