| 00:01:06 |
Redburn, Steve - Project Director
OFFICE OF MANAGEMENT BUDGET AND CURRENTLY AMONG OTHER THINGS A CO-CHAIR OF THE PETERSON-PEW COMMISSION. >> WELCOME EVERYONE TO THIS OPPORTUNITY TODAY....
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| 00:01:28 |
Nussle, James - President and COO
SUPER COMMITTEE, IS THE BUDGET PROCESS REFORM PART OF THE ANSWER? I DO NOT THINK THERE IS ANY QUESTION THAT IS PART OF THE ANSWER. I AM SURE IT IS A...
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| 00:04:48 |
Penny, Timothy J. - Member
COMMITTEE, CONGRESSMAN CHRIS VAN HOLLEN CHRIS, SINCE NIGHT -- SINCE 2003, HE HAS REPRESENTED MARYLAND'S EIGHTH DISTRICT, WHICH IS MUCH OF MONTGOMERY COUNTY...
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| 00:06:28 |
Van Hollen, Christopher - U.S. Representative, [D] Maryland
I'M HAPPY TO WAIT FOR MY REMARKS NOW. >> I THINK WE ARE OK. GOING OUT OF ORDER, NORMALLY THE CHAIRMAN SPEAKS UP AND THEN THE RANKING MEMBER TEXAS TERM....
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| 00:11:16 |
Nussle, James - President and COO
I COULD WRITE DOWN, PAUL, AND COURAGEOUS CAME DOWN -- TO MINE, SMART, CREATIVE, BUT THE ONE THING -- ALL OF THOSE ARE TRUE, BUT THE ONE THING I WANTED...
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| 00:12:14 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
YOU LOOK REFRESHED. YOU LOOK REACTI -- YOU LOOK HAPPY. IT IS VERY NICE TO BE HERE. I WANT TO THANK THE PETERSON- PEW FOUNDATION FOR SPONSORING THIS EVENT....
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| 00:14:44 |
Nussle, James - President and COO
I WOULD WANT THEM BOTH ON MY TEAM IF I WAS GOING INTO A BUDGET NIGHT THAT FIGHT, I TELL YOU THAT MUCH. THEY ARE VERY CAPABLE. WE HAVE OTHER FOLKS JOINING...
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| 00:16:37 |
Redburn, Steve - Project Director
WE MAY HAVE HOPED THAT A DEVICE LIKE THE SUPER COMMITTEE WOULD BE A SHORTCUT TO A SOLUTION, BUT THAT DID NOT WORK OUT. EVEN IF A BIG DEAL HAD BEEN DEVELOPED...
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| 00:24:05 |
Joyce, Philip G. - Professor
ANNUAL BUDGETING WHICH IS A SEPARATE FORUM WE CAN TALK ABOUT LATER. THIS IS MORE ABOUT THE IDEA THAT THE BUDGET SHOULD BE THOUGHT OF NOT IN TERMS OF...
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| 00:32:23 |
Redburn, Steve - Project Director
AROUND THE PROCESS HAS TO DO WITH EMERGENCIES. THE COMMISSION SAVED A LOT OF THOUGHT TO THE BUDGET FOR EMERGENCIES. THEY HELPED FURTHER DEVELOP THE IDEAS...
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| 00:32:55 |
Phaup, Marvin - Project Director
THIS IS A PRACTICAL GROUP OF PEOPLE WITH EXPERIENCE IN BUDGETING. EMERGENCIES ARE A REAL PHENOMENON THAT HAVE LEGITIMATE CLAIM AS A SPECIAL SORT OF THING...
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| 00:40:51 |
Redburn, Steve - Project Director
WE WILL HEAR THE FINAL PROCESS. THIS IS THE INFORMATION THEY CAN USE. IT IS ABOUT THE PROCESS WE ARE GETTING. LET'S TALK ABOUT THE IDEAS. CRACKS
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| 00:41:21 |
Posner, Paul - Professor
A>> THANK YOU. YOU FRAME DID WELL. WE'VE REALLY TRIED TO GET THE NATION MORE FIRMLY COMMITTING TO A PATH OF FISCAL DISCIPLINE AND LOWER DEFICITS AS WE....
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| 00:49:27 |
Redburn, Steve - Project Director
THESE ARE SOME OF THE IDEAS THAT ARE PART OF THE COMPREHENSIVE PLAN SAID THE COMMISSION HAS BEEN WORKING ON FOR THE PAST FEW YEARS. YOU CAN MAKE ANY...
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| 00:50:08 |
Penny, Timothy J. - Member
THINK THE COMMITTEE FOR THIS. WE WANT THIS TO BE AN INCLUSIVE DISCUSSION. I WANT TO OFFER A FEW OBSERVATIONS. WE ARE NOT REINVENTING THE WHEEL. WE'RE...
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| 00:56:16 |
Q&A, -
HAS DONE AN EXCELLENT JOB OF PLAYING
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| 00:56:18 |
Nussle, James - President and COO
OUT THE HISTORY. IT IS GETTING THE POLITICIAN TO DO THINGS THEY'RE NOT PREDISPOSED TO DO NATURALLY. SOMEBODY SAID THIS WAS NOT HEROIC. IT IS ALSO NOT...
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| 00:58:35 |
Joyce, Philip G. - Professor
I THINK THERE ARE A NUMBER OF STATES. I WOULD SAY THE MAJORITY ARE REQUIRED TO HAVE AN NEARLY BALANCED BUDGETS IN TERMS OF THEIR OPERATING BUDGET. IT...
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| 01:02:22 |
Phaup, Marvin - Project Director
I THINK WE TOOK THE EASY WAY OUT. IT IS AN IMPOSSIBLE WAY. WE WERE NOT CLEAR ON WHAT IT WAS. WE SAID EVERYTHING THE CONGRESS DECLARED AN EMERGENCY MUST...
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| 01:06:11 |
Posner, Paul - Professor
QUESTION IS PRODUCTIVE. CONGRESS GENERALLY DOES NOT USE THIS ASSESSMENT. I THINK THE REASON IS THEY HAVE NO OWNERSHIP. WE HAVE TO FIGURE OUT A WAY TO...
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| 01:07:58 |
Penny, Timothy J. - Member
THIS IS A COMMITTEE THAT DOES NOT WORK ON THE BUDGET. IT INCLUDES ENTITLEMENT AND DISCRETIONARY. MY FRUSTRATION IS THAT WHETHER IT IS THE GAO'S RECENT...
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| 01:09:09 |
Posner, Paul - Professor
WAS INCENTIVE TO LOOK AT THOSE UNTIL WE FACE HARD CHOICES. I THINK SOMEHOW CONGRESS WILL FIGURE OUT A WAY TO MAKE THIS WORK TO EMPOWER THE COMMITTEE....
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| 01:11:03 |
Frenzel, William Eldridge - U.S. Representative, [R] Minnesota
THEY WOULD HELP THEM REACH THE CORURSE. ALL THESE WONDERFUL IDEAS WILL HELP CONGRESS TO ACHIEVE THOSE GOALS. WE HAVE A GOOD DISCUSSION. THERE'LL BE PEOPLE...
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| 01:12:31 |
Penny, Timothy J. - Member
THE FEDERAL BUDGET. I DO WANT TO GIVE THE LION SHARE OF THE CREDIT TO THE LEADERSHIP P PROVIDED.
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| 01:12:59 |
Spratt, John M Jr. - U.S. Representative, [D] South Carolina
I THANK YOU. THIS IS PART OF THE SOLUTION. IT IS NOT ALWAYS THE OPINION OF THOSE. IT DOES AT LEAST TWICE THAT I RECALLED. I WILL BE HONEST WITH YOU....
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| 01:16:43 |
Phaup, Marvin - Project Director
A CASE. THIS WAS DEVASTATING. THERE WAS INSUFFICIENT MONEY BEING TREATED FOR THAT. ONE OF THE PROVISIONS WAS NOT IN THE REPORT. YOU HAD THE AUTHORIZING...
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| 01:19:12 |
Spratt, John M Jr. - U.S. Representative, [D] South Carolina
MEAN POTENTIAL OUTLAYS. THESE HAVE THE ABILITY FOR LONG- TERM COMMITMENTS. THEY ARE NOT EMERGENCIES ANY LONGER. WHAT DO YOU THINK WE SHOULD DO WITH...
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| 01:20:13 |
Penny, Timothy J. - Member
HE PUT IT IN THE BUDGET PROCESS. >> THANK YOU VERY MUCH.
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| 01:20:24 |
AUDIENCE Q & A, -
WE'RE GOING TO OPEN THIS UP TO QUESTIONS. >> PLEASE, IDENTIFY YOURSELF. WOULD THIS BE A GOOD COMPROMISE TAX? THAT IS ONLY USING ONE DECADE OF LOW SPENDING....
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| 01:21:37 |
Penny, Timothy J. - Member
WAY WE CAN AT IT IS DIFFERENTLY RATHER THAN ARGUING ABOUT THE% OF OUR ECONOMY THAT OUGHT TO BE IN FEDERAL BUDGET. EVEN WITHOUT ARGUING ABOUT THE ANNUAL...
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| 01:22:59 |
Nussle, James - President and COO
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| 01:26:57 |
Redburn, Steve - Project Director
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| 01:27:21 |
Spratt, John M Jr. - U.S. Representative, [D] South Carolina
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| 01:28:31 |
Nussle, James - President and COO
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| 01:29:54 |
Penny, Timothy J. - Member
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| 01:32:22 |
Joyce, Philip G. - Professor
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| 01:33:30 |
Penny, Timothy J. - Member
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| 01:34:44 |
Posner, Paul - Professor
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| 01:35:44 |
Nussle, James - President and COO
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| 01:38:53 |
Joyce, Philip G. - Professor
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| 01:43:45 |
Nussle, James - President and COO
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| 01:47:01 |
Posner, Paul - Professor
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| 01:49:27 |
Nussle, James - President and COO
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| 01:51:44 |
Penny, Timothy J. - Member
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| 01:53:35 |
Redburn, Steve - Project Director
CHAIRS. >>
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.