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Transcripts For CSPAN Key Capitol Hill Hearings 20150504

Forgive me for turning this into a lightning round. But general clark we talked , about systemic financial risk. I wish we had five minutes to devote to this. Were basically out of time, but you talked about a book you wrote that discuss this and maybe you can give us the kind of elevator version of it. Gen. Clark dont wait for the next war. We create an awful lot of debt in the Financial System and we havent addresses the systemic issue. Still hundreds of trillions of dollars of derivatives based on Interest Rate and if you ask the inside banking crowd, when are we going really raise Interest Rates . When are we going to get away from quantitative easing . The answer is never. And its only a matter of time before some smart young Hedge Fund Guy says, you know what ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20150506

That definition . Its easier to say you can have competitive effort. Whatever it comes to the domestic budget we can do this but we have to get back on this. We can do it cheaper by doing things this way. Whenever we try to cut the budget, its not doing it differently and getting the same results. Its always we have to cut something. Why is it always the we have to cut Something Else instead of growing the ceiling. Host is that your concern with just the republican budget . Caller its both. As an independent, i watched both over the years. Its in both budgets. Its the same way with every budget. Host thanks for the question. Guest there are a couple of good points there. Government doesnt look enough at doing things better. They tend to look at budget totals and not review programs and do whats called oversight. One of the things we have advocated over the years is to cf you could appropriate the money and see if the programs are ....

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