Time. Glad to be here. Looking out 30 years, what is the potential when it comes to the debt in the United States . The total amount of debt will continue to grow. A lot of factors involved in that. These are all projections that could be off, but generally because of the demographics of the changes in the way we are an aging population and the fact that we pay a lot in terms of medicare and Social Security benefits will continue to grow. As a consequence, along with just paying the interest on accumulating debt itself means we will be looking at the possibility of the debt to what we call the debt to the level of government growing to what it is today which is at a historic high, around 78 of gdp, well over to 150 over the next 30 or 40 years. There was a report a couple weeks ago that made these projections. 144 of gdp by 2049 or so. Right. That is a starkly very high, of course. We like to think that will not happen. But if it should happen, it is certainly something unprecedented i
This is bill hoagland of the by paulson part of the center to talk to you about the effect of debt on the federal budget in the next many years. Thank you for giving us your time. Glad to be here. Looking out 30 years, what is the potential when it comes to the debt in the United States . The total amount of debt will continue to grow. A lot of factors involved in that. These are all projections that could be off, but generally because of the demographics of the changes in the way we are an aging population and the fact that we pay a lot in terms of medicare and Social Security benefits will continue to grow. As a consequence, along with just paying the interest on accumulating debt itself means we will be looking at the possibility of the debt to what we call the debt to the level of government growing to what it is today which is at a historic high, around 78 of gdp, well over to 150 over the next 30 or 40 years. There was a report a couple weeks ago that made these projections. 144
All right. Ladies and gentlemen, good morning the meeting will come to order this the regularly the Budget Finance Committee excuse me board of supervisors budget finance subcommittee im supervisor cohen chair of this committee and to my left is supervisor katie tang and to my right is supervisor yee and our clerk mr. John carol and linda wong thank you jesse larson and phil jackson from sfgovtv so for assisting us today madam clerk, any announcements . Devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the may 2 board of supervisors agenda unless otherwise stated. Thank you very much call the first item Revenue Bonds or commercial placing the total Principal Amount of San Francisco International Airport subordinate commercial paper notes for any lawful airport. Thank you id like at a call kathy from the airport to make a brief presentation on this item. Good morning chair cohen im kate hartley with the
Construction, i know about recruiting companies in plants. Thats exactly what i would do in Eastern Kentucky and western kentucky. We have to diversify the economy. If you were asked to serve on a u. S. Senate, create jobs, steady committee targeted for and about kentucky jobs, give me one recommendation that you would mick to put people to work in eastern and western kentucky . I would work to put another toyota in Eastern Kentucky and one in western kentucky. I was there before toyota came to kentucky. I was in japan. I spent more than i quit counting after i had been to japan more than 35 times. Thats just an example. There are plenty of opportunities for us but we have to focus on kentucky rather than focus on running for president. Now, the senator has focused on running for president for the last five years and not focused on kentucky and the challenges that we have right here in kentucky. Senator paul, comment on that as well as on the jobs program that you if you were on the sa
Construction, i know about recruiting companies in plants. Thats exactly what i would do in Eastern Kentucky and western kentucky. We have to diversify the economy. If you were asked to serve on a u. S. Senate, create jobs, steady committee targeted for and about kentucky jobs, give me one recommendation that you would mick to put people to work in eastern and western kentucky . I would work to put another toyota in Eastern Kentucky and one in western kentucky. I was there before toyota came to kentucky. I was in japan. I spent more than i quit counting after i had been to japan more than 35 times. Thats just an example. There are plenty of opportunities for us but we have to focus on kentucky rather than focus on running for president. Now, the senator has focused on running for president for the last five years and not focused on kentucky and the challenges that we have right here in kentucky. Senator paul, comment on that as well as on the jobs program that you if you were on the sa