The groups cochairs testified on the findings of the report and how they could be applied to the Current Situation with syria and turkey. This hearing will come to order and we welcome everyone. The subcommittee testimony on the findings and recommendations in the study groups final report. Given the timing of the hearing we will have the opportunity to discuss the ramifications of the policy changes in syria and a study Group Recommendations to still address the challenges that are. For the purpose of an opening statement. Thank you very much for testifying today and for your work and the final report of the study group. Your report as a thoughtful review of the conflict and provides pragmatic recommendations for how policymakers can protect u. S. Interests and destabilize syria. Now it is well known President Trump does not like to read but i wish that he had skimmed over the executive summary before the recent phone call with the turkish president. Your assessment notes do not elimi
This hearing will come to order and we welcome everyone. The subcommittee testimony on the findings and recommendations in the study groups final report. Given the timing of the hearing we will have the opportunity to discuss the ramifications of the policy changes in syria and a study Group Recommendations to still address the challenges that are. For the purpose of an opening statement. Thank you very much for testifying today and for your work and the final report of the study group. Your report as a thoughtful review of the conflict and provides pragmatic recommendations for how policymakers can protect u. S. Interests and destabilize syria. Now it is well known President Trump does not like to read but i wish that he had skimmed over the executive summary before the recent phone call with the turkish president. Your assessment notes do not eliminate the threat to the United States. It also notes the detainee population is a longterm challenge is not being adequately addressed and
Just worked through the budget at the Committee Level to be on the floor people can talk a good game but the fact of the matter is with sequester the house budget cuts below sequester on discretionary nondefense spending by 300 million. It is going to be devastating if the budget like that goes through it and the House Republicans are willing to support that that nobody should ignore of with the value of support with this board and a family is to have got it already. I have heard speeches about how critical our deficit is and how we have to address our deficit a pair of senators who said it is critical to invest more in National Security. Close to address National Security or close to address legal research, zero. The two primary operating principle of both budgets is that every tax loophole is sacred come and Everything Else comes 2nd and it is very frustrating to sit here and here you testify in such good faith and heres that prospects for progress and know how many people this illne
A benchmark for credit markets source of world, as a safe investment. I hope as we have this discussion we can be candid about what we are talking about here. As we all know, if we do not raise the debt ceiling sometime soon, then at some point we will have disruptive consequences, because tax revenue is only 85 of all the money we are planning to spend, not 100 , and that means the other 15th percent 50 has got to be our it, and if not, then you have to make some decisions about what gets cut. That is disruptive, not where we want to go, and i hope the president will agree to actually address the underlying problems underlying problems that got us are so we can avoid it. Having said that, there is no circumstances under which we should ever tolerate choosing, willfully, to make sure that a missed payment would include a missed payment on the Treasury Security. Processing because of uniquely Important Role the treasury securities play. I was disappointed that the treasury secretary in
Established until the year 2000, the debt was 5 trillion. According to the policy center, the rivlindomenici panel, between 2000 and 2009, the National Debt roughly doubled. Now it will double again. The figures are scalding, and i am sure that the congressional panel, as well as simpson bowles, and i am sure Rivlin Domenici found the same thing. In 2020, it will be 1 one it will be 1 trillion a year just to pay the interest on the debt. By the year 2025, every set of federal tax revenue will go to Social Security, medicare, and interest on the debt. What is required as noted is to get through the default period because it will obviously raise Interest Rates and create real havoc in the Community Bank environment, most particularly, the ability to borrow and lend money, and then sit down aggressively and in a bipartisan fashion to focus on this runaway train. In 1950, the average person retired at 62 and died at 69. Or 65 and 69. Today, the average person retires at 62 and dies at 80.