Chairman of the National Association of governors. Our state Senate Chairman of the National League of legislators. Our chamber of commerce lane beatty has become on the National Board of the chamber of commerce. And our mayor of Salt Lake City is now the president and the National League of cities. And so, we are looked at, i believe, as a state that is well run, knows how to get things done, but recognizes that investment in infrastructure are one of the key pillars to Economic Growth and vitality. So were here today with three incredible mayors that are going to talk to you about their stories. But before i do that, i wanted to read the president of the United States, ive been told, is competing with us today, because hes at the National League of cities. So i very much appreciate these mayors being here, but i have a statement i want to read to you from mayor ralph becker who is the president of the league of cities. And he says, quote, National League of cities and the American Pu
The question. They can imagine scenarios that from their perspective are much worse. And certainly i think with the military success they seem to be having, theyre feeling more confident in backing their guy. My guess is that were not going to see a lot of convergence between washington and moscow last to what comes out of this geneva to conference even if they cooperate fairly successfully on the narrow piece we are going to turn all of you. Are there microphones around . Microphones about. Raise your hand when you get the microphone. Please tell us who you are. Please actually put a question marked the end of a question. It will start with this june than right here. Right here. Hi. Have a question. Youre talking about u. S. Giving incentives. Could you elaborate of what you think the incentive would be . In the other, what you think would be the new approach for political rebalance in the new year church. Obviously the criticism. End very optimistic about the rebalancing strategy wel
I mean yes we are going to be living i mean i have an economic forecaster but everything i read suggests we are going to be living with an unusually high levels of unemployment, a lot of pain from over indebtedness and a quarter of the country is on food stamps. I mean its not a great depression. We are not repricing exactly what happened in the 30s but its a version of that. See the Consumer Financial Protection Bureau estimates that Student Loan Debt is more than a trillion dollars. Up next the Senate Budget committee looks at how that that affects borrowers and the economy as a whole. This is an hour and a half. [inaudible conversations] see this hearing will come to order. I want to thank senator johnson who is filling in today for my Ranking Member senator sessions. Welcome to you and all of our colleagues who are joining us today as well as a roomful. Welcome to all of you on a really important topic today. We are going to be talking about a challenge that 40 Million People aroun
People have to turn to Student Loans to help finance their education. In just a few moments you will hear from britney jones. Shes going to be talking about how taking out Student Loans made it possible for her to get a College Degree and britney id look forward to hearing more about your experiences. You were to start a teaching career and the same time paying down the student loan the but later college. Of course britney is not alone. Dealing with overbearing student debt is becoming a reality for growing number of americans. Statistics are staggering. Today the average College Graduate will have to pay back around 30,000 in Student Loans and a Record Number of young households owe student debt. Back in 1989, 16 of young households have student debt. By 2010 that figure had more than doubled according to the pew research center. More young people than ever before are dealing with more student debt than ever before and that can have lasting consequences. Americans who took out school
He was never discovered to be that great of an anything. But he stands before you today because i was that 11yearold kid who got the guitar and wanted so badly to be the fifth beatle. I believe you what happened in 1963 . I was eight at the time i first saw them. Not something to america more than music. They brought hope. It may sound sacrilegious to say the beatles brought hope, but remember how we were trying to get over the assassination of a president and National Psyche that had been deeply bruised. Excitement, they brought hope our country desperately needed and their music was pretty good. Today, we are in a time when we really need more than we have ever needed america before, a sense of hope and optimism. A lot of people are discouraged in America Today and you can understand why. 92 million americans dont even have jobs. They are not in the job market anymore. Theyve given up will stop if anyone has says the Unemployment Rate has dropped to 6. 7 only because another 100,000