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CSPAN2 Key Capitol Hill Hearings July 18, 2014

Deficits in the out years. I remember our Health Care Costs coming back under control. I learned that the projections of the balanced budget within ten years which would be six years from now. Do you have no recollection of those . Payware that kennedy is projections. Cbo doesnt do projections of resolutions only of bills that are being considered and under the current law. On the estimates weve done sometimes they are putting the assembly of them as the bottom line for the resolution that doesnt come from us. The last time we had a High Percentage was during world war ii. In fiscal year 1945 we grew out of that it be not . What happened after world war ii is the budgets were more or less balanced. In fiscal year 1945. Truman abolished the tax and in fiscal year 194016 produced the income tax rates. He took in fiscal year 46 the federal spending from 85 billion down to 30 ....

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