Good morning. The hearing will come to order. Welcome to the committee on the Budget Hearing on the president s fiscal year 2019 budget. Today we will hear testimony from the director of the office of management and budget, the honorable mick mulvaney. During our hearing we will hear directly from the director of omb and we appreciate you being with us here today, mr. Director. Your insight will be very help of in our understanding. We see that the president s budget each year marks the beginning of the federal budgeting process or budget season as we like to call it, and the white house officially kicked it off on monday. While congress ultimately controls the purse strings, the president s budget request is still an important document for lawmakers to consider along the way. Each fiscal year the administrations budget documents documents the president s policy and spending priority. These are important for both changes to consider as work crafting the budget resolution begins in earn
Are children. The medicaid system if we do work requirement reforms the youre good ow about this math, doesnt work. A 500 billion cut to medicare and medicaid, those two combined, 72 billion to disability programs, and in my state we are one of the poorest states in the country so i want to go about this with a minute left a little differently. 20 of new mexicans live in poverty. We have some of the hungriest families in america. A third of us are on snap. We have some of the highest unemployment rates in the country. We have a governor who i would say applied many of these same principles to running state reforms or d to cuts. This is the worst coverage. I was wondering i think theres Nothing Better than a partnership and i would like to invite you to come with me to new mexico and i would like to take you, we can go to some of the Navajo Nation and some of e remote nations and i would show you these beneficiaries. A list of them that would keep them afloat and some that would keep th
Social security was much closer to going bankrupt and then it is today. The reason we have it today is the work the commission did, the surplus that was piled up in the intervening years until finally the baby boomer generation began to retire and are drying it down pretty rapidly. An opportunity to do that again, if we could reform Something Like that, we prevented this for three consecutive congresses by this president could be the person who saves Social Security, put it on firm footing and it would be done in a bipartisan way. My friend on the other side of the aisle are always concerned this means cutting but look what Ronald Reagan did with that commission was to bowe neil and Ronald Reagan the next year won reelection with 49 states and to bowe neil remained speaker of the house, you can do this in a bipartisan way as long as you are protecting the program because it is a popular program. The way they did it is gradually raised the age, i was 34, told me youre going to retire at
Im brian sullivan. Your money steady this hour. You can see the major indexes, fractionally higher. Because theyre not moving a lot doesnt mean theres not money being made the banks, bank of america up nearly 2. 5 . Sink k synchrony, all all kellogg hitting twoyear lows. No one eating cereal anymore, but they are using microchips. Moik kr micron is rallying im in santa monica, if i had to move one place in america, as you know, it may well be here to santa monica were here for the tour that brings together some of the nations most dynamic ent from n entrepreneurs and innovators how theyre turning things upside down. Joining me over the next couple hours, from the black swan group, chris voss. A lead International Kidnapping negotiator hell teach us how to negotiate like your life depends on it and well hear from the cofounders of cavu venture. They are the folks behind such drinks as the popular water drink, vidacoco, chefs cut, theyll talk about that. And the founder of california bab
Also online at cspan. Org, and listen with the free cspan radio app. Good morning, everyone. Welcome to the Heritage Foundation under douglas and Sarah Allison auditorium. We will begin momentarily. For those that are watching online we would like everyone youre welcome to send questions or comments at any time simply emailing speaker heritage. Org, and for those inhouse we really appreciate your checking that your mobile devices have been silenced silence or turned off as we prepare to begin as a special courtesy. Our program will begin momentarily. Ed feulner will introduce our special guest and then he will have his work and you have their q a session. We will begin shortly. [inaudible conversations] [inaudible conversations] live at the Heritage Foundation the this morning of waiting remark some House Speaker paul ryan on tax reform. To finish up and let you know more about whats happening here on the cspan networks, the u. S. House is in today. They will work at noon eastern on 36