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
Im going to encourage everybody to sit down, grab their seats. Keep eating. Okay. Welcome, everybody. Im maya mcginnis, i run the committee for a responsible federal budget and it is not every day that you see an overflow crowd for a whole event on budget process, so were really excited to have you here. We have a cspan audience, were Live Streaming this, so wonderful to have everybody joining us for what i think is going to be an excellent conference. Im really excited about the people weve gathered here and the ideas we are going to be discussing. So welcome. The committee for responsible federal budget for those of you who do not know is a nonpartisan organization, the board of directors are people who many of whom are here with us today who have run all the big budget institutions in washington, so the federal reserve, the treasury department, omb, cbo, the Budget Committees. So they are the whose who of the budgeting world. One of the things that we like to do is work with folks o
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