| 00:01:41 |
none, -
MORNING. WE WILL NOT INTRODUCE OUR PANELISTS BECAUSE THEIR BIOGRAPHIES AND NAIR OWN GLOWING TERMS ARE ALREADY IN YOUR HANDS. AND, SO WE WILL SIMPLY...
|
| 00:02:50 |
Unidentified Speaker, -
IS LIKE A CAR WITH A FLAT TIRE. WE SHOULD REPLACE THE FLAT TIRE, NOT REPLACE THE CAR. IT DOES FACE A LONG-TERM DEFICIT. WE DO NEED TO ADDRESS IT. BUT...
|
| 00:12:52 |
Unidentified Speaker, -
SOCIAL SECURITY OF PUTTING IT IN THE BIGGER CONSTRUCT
|
| 00:12:55 |
Unidentified Speaker, -
OF WHAT'S HAPPENING IN OUR ECONOMY AND IN OUR SOCIETY. FIRST OF ALL, THE FINANCIAL IMBALANCE OF SOCIAL SECURITY IS JUST ONE SYMPTOM OF THE OVERALL...
|
| 00:23:12 |
Unidentified Speaker, -
UNINITIATED. THEY'VE BOTH HAVE SUGGESTED A SERIES OF QUITE DIFFERENT POSSIBILITIES BY WHICH SOCIAL SECURITY MIGHT BE MADE RATIONALLY FINANCED AGAIN....
|
| 00:24:16 |
Unidentified Speaker, -
IS PROBABLY
|
| 00:24:17 |
Unidentified Speaker, -
UNDERMINE OR DEFEATS THE PURPOSE OF THE ACCOUNTS IN THE FIRST PLACE. ON THE OTHER HAND, IN ALL LIKELIHOOD WE'RE
|
| 00:24:22 |
Unidentified Speaker, -
GOING TO HAVE TO BORROW SOME MONEY TO JUMP START THESE ACCOUNTS BECAUSE THE COSTS OF CREATING ENOUGH SAVINGS PAPER RETIREMENT BENEFITS IS TOUGH TO...
|
| 00:25:02 |
Unidentified Speaker, -
CAN MAKE THOSE TRANSITION COSTS WOULD
|
| 00:25:06 |
Unidentified Speaker, -
TEND TO BE THE BEST. IT CAN GET LOST IN THE FACT THAT SEN SHALI THE TRANSITION COSTS NOW ARE A PREPAYMENT OF ANY OF LIABILITY WE WOULD HAVE IN THE FUTURE...
|
| 00:26:42 |
Unidentified Speaker, -
SECURITY OPPOSED AN INDIVIDUAL ACCOUNT PLAN THAT
|
| 00:26:44 |
Unidentified Speaker, -
FINANCES INDIVIDUAL ACCOUNTS. MY VIEW, IS IF YOU WANT INDIVIDUAL ACCOUNTS BE UP FRONT AND PAY FOR THEM. DON'T DEBT FINANCE THE SO CALLED TRANSITION...
|
| 00:28:54 |
Unidentified Speaker, -
OF BEING ON THAT COMMISSION AND THE KIND OF DEBATES THAT WERE HELD. >> WELL, IT WAS A
|
| 00:29:03 |
Unidentified Speaker, -
LONG AND INTERESTING SERVICE ON THAT COMMISSION AND REINFORCED MY RECOLLECTION THAT SOCIAL SECURITY IS A VERY SENSITIVE ISSUE IN OUR SOCIETY.
|
| 00:29:24 |
Unidentified Speaker, -
THE DEBATES WERE SIMILAR TO WHAT YOU ARE HEARING THIS MORNING. NO SECRET, YOU EITHER RAISE SOME TAXES OR YOU LOWER SOME BENEFITS BENEFITS. AND THERE...
|
| 00:31:37 |
Unidentified Speaker, -
GAME MOVING DIFFERENT PIECES AROUND PLAYING ACCOUNTING GAMES RATHER THAN ADDRESSING PROBLEMS ON BENEFITS AND REV KNEW. SO THERE'S PLENTY OF OPPORTUNITY...
|
| 00:33:09 |
Unidentified Speaker, -
USED. AS I MENTIONED BEFORE, YES, SOCIAL SECURITY COULD BE REFORMED WITHOUT PERSONAL ACCOUNTS. OKAY? THERE COULD BE A GOOD SOCIAL SECURITY REFORM...
|
| 00:35:33 |
Unidentified Speaker, -
METHODS. ONE IS THE SWITCHING FROM WAGE INDEXING TO PRICE INDEXING,
|
| 00:35:38 |
Unidentified Speaker, -
WHICH ERIC POINTED OUT AND IS REALLY THE KEY TO THE ADMINISTRATION'S PLAN, TOO. VERSUS TAXING PAYROLL ABOVE THE CEILING. NOT RAISING THE CEILING, BUT...
|
| 00:36:22 |
Unidentified Speaker, -
20 AND THEN KEEP GOING DOWN. I DON'T THINK MAKES ANY SENSE. THAT'S PRECISELY WHAT WOULD HAPPEN UNDER A STANDARD OF LIVING FREEZE. IN OTHER WORDS, IF...
|
| 00:37:59 |
Unidentified Speaker, -
SHOWS THIS RIGHT ON THE FRONT
|
| 00:38:01 |
Unidentified Speaker, -
COVER, SO YOU DON'T EVEN HAVE TO OPEN THE KORT. WHAT YOU'LL SEE IS THAT OVER TIME, THE PROJECTIONS ARE THAT TAX REVENUES RELATIVE TO THE SIZE OF THIS...
|
| 00:40:25 |
Unidentified Speaker, -
MOVING TO PERSONAL ACCOUNTS THOSE BIASES WILL NOT BE CORRECTED. >> LET
|
| 00:40:31 |
Unidentified Speaker, -
ME -- >> YOUR COMMENT, PETER? >> LET ME COMMENT ON BOTH OF THEM. LET ME START WITH THE FORMER SINCE I KNOW -- THE FIRST ONE SINCE I KNOW WE'RE RUNNING...
|
| 00:40:51 |
Unidentified Speaker, -
LASTS AS LONG AS YOU'RE ALIVE.
|
| 00:40:53 |
Unidentified Speaker, -
BUT UNDER INDIVIDUAL ACCOUNTS
|
| 00:40:54 |
Unidentified Speaker, -
IF THEY WERE AKNEW TIZED, IN OTHER WORDS, IF THEY WERE TRANSFORMED INTO SOMETHING THAT ALL LASTED AS LONG AS YOU WERE ALIVE THAT SAME THING WOULD HAPPEN....
|
| 00:42:08 |
Unidentified Speaker, -
ACCOUNTS TO BE ANNUITIZED IN ALL THOSE CASES IT'S GONNA BE A PENALTY AGAINST ANYONE THAT LIVES SHORTER. UNLESS TO A CERTAIN DEGREE YOU LEAVE SOME OF...
|
| 00:43:38 |
Unidentified Speaker, -
WHILE OUR PANELISTS ARE GETTING DRESSED, I'LL REMIND YOU THAT THEIR BIOGRAPHIES ARE IN THE MATERIAL IN FRONT OF YOU. ON MY RIGHT IS BILL GALE, A SENIOR...
|
| 00:45:28 |
Unidentified Speaker, -
ABOUT THIS FOR A LONG TIME, AND PEOPLE WHO KNOW ME KNOW I'M NOT A DEFICIT CLOCK BY ANY MEANS. I THINK WE CAN RUN A DEFICIT, SPEAKING ABOUT THE BUDGET...
|
| 00:54:59 |
Unidentified Speaker, -
BRUCE BARTLETT JUST SAID.
|
| 00:55:00 |
Unidentified Speaker, -
I WANT TO SUPPLEMENT WITH ONE POINT. WHICH IS THAT THE PEOPLE THAT ARE IN THE WHITE HOUSE AND ARE NOW THE MAJORITY IN BOTH THE HOUSE AND THE SENATE,...
|
| 01:06:14 |
Unidentified Speaker, -
EFFECTIVENESS, FAIRNESS, ET CETERA, IS THAT NOT GONNA HAPPEN? IS THAT OUT OF STYLE THIS YEAR? >> WELL, I DON'T HEAR MUCH TALK ABOUT THAT. AND ONE REASON...
|
| 01:06:42 |
Unidentified Speaker, -
TO 28 WAS A DRAMATIC ENOUGH MOVEMENT THAT YOU COULD REALISTICALLY DO SOME THINGS THAT YOU CAN'T REALLY DO WHEN YOU'RE STARTING FROM TOP RATE OF 35....
|
| 01:08:25 |
Unidentified Speaker, -
PROGRAM. >> WE USED TO HAVE THE LUXURY OF TALKING ABOUT REVENUE NEUTRAL TAX REFORM. IN '86 THAT'S WHAT EVERYONE TALKED ABOUT. AS BRUCE MENTIONED EARLIER,...
|
| 01:08:35 |
Unidentified Speaker, -
HAVE THAT LUXURY ANY MORE AS THE FIRST SESSION INDICATED WELL. SOONER OR LATER WE'RE GOING TO HAVE TO THINK
|
| 01:08:42 |
Unidentified Speaker, -
ABOUT RAISING THE REVENUE, THE LEVEL OF
|
| 01:08:47 |
Unidentified Speaker, -
REVENUES. IT'S POSSIBLE MATHEMATICALLY TO SOLVE THE ENTIRE SOCIAL SECURITY AND MEDICARE ISSUE WITH CUTTING BENEFITS. IT MAY NOT BE DESIRABLE. AS A...
|
| 01:10:22 |
Unidentified Speaker, -
POINT BILL HAS JUST MADE I THINK BECOMES PARAMOUNT. WE CAN'T AFFORD THOSE INEFFICIENCYIES ANY MORE. >> THANK YOU. QUESTIONS FROM THE AUDIENCE? BEHIND...
|
| 01:10:49 |
Unidentified Speaker, -
AS PART OF THE 1986 REFORM IN THE SENSE OF SEVERAL CRUCIAL PROVISIONS BEING -- THAT THE MICROPHONE IS TURNED ON. I'LL JUST YELL. CAPITAL GAINES PREFERENCES...
|
| 01:11:08 |
Unidentified Speaker, -
THAT IRA ELIGIBILITY WAS TIGHTENED WHICH IS PRECISELY THE OPPOSITE OF MANY OF THE DIRECTIONS IN WHICH THE ADMINISTRATION APPEARS TO WANT TO MOVE. ...
|
| 01:11:57 |
Unidentified Speaker, -
SHUT DOWN THIS DEDUCTION OR THAT DEDUCTION. ULTIMATELY THAT'S
|
| 01:12:01 |
Unidentified Speaker, -
WHAT PUSHED TAX REFORM. IT'S INTERESTING. THAT'S A TAX -- THAT WAS A TAX REFORM THAT BROADENED THE BASE AND LOWERED THE RATES. IT WAS HEADED RIGHT TOWARD...
|
| 01:13:06 |
Unidentified Speaker, -
THE BROOKINGS INSTITUTION HAD A GREAT DEAL TO DO WITH THAT WAS BEHIND THE IDEA OF THE 1969 TAX REFORM AND THE 1976 TAX REFORM. WHICH WERE MOSTLY LOOPHOLE...
|
| 01:15:41 |
Unidentified Speaker, -
BEEN RAISED BY 50% BACK UP TO ABOUT 40%. THE CARNAGE THAT WAS WROUGHT TO ACHIEVE IT WAS NOT PARTICULARLY GOOD FOR THE ECONOMY AND IN MY ESTIMATION,...
|
| 01:17:22 |
Unidentified Speaker, -
VIEWED SALES OR CONSUMPTION TAXES AS THEIR TAX BASE. AND THEY HAVE COMPLAINED IN THE PAST WHEN THE DISCUSSION AROSE. BUT, PER HAPPENS FROM THEIR POINT...
|
| 01:17:39 |
Unidentified Speaker, -
I THINK THAT THE POTENTIAL OF VAT TO RAISE REVENUE AND ALL KEEP IN MIND THERE'S LIKELY TO SEE SOME SIGNIFICANT CUTS IN AID TO STATE AND LOCAL GOVERNMENTS...
|
| 01:18:25 |
Unidentified Speaker, -
INCOME TAXES BENEFIT FROM BEING ABLE TO PIGGY BACK ON THE FEDERAL INCOME TAX. >> THAT'S ASSUMING THE VAT IS A GOOD ONE. >> YES. >> BILL? >> I WANT TO...
|
| 01:18:51 |
Unidentified Speaker, -
OF WHOM ARE HERE. FROM THE MOD FOUNDATION, ALSO THE CASEY FOUNDATION. AND I WANT TO
|
| 01:18:57 |
Unidentified Speaker, -
BRING BACK
|
| 01:18:58 |
Unidentified Speaker, -
THIS CONVERSATION
|
| 01:18:59 |
Unidentified Speaker, -
BACK TO WHAT DOES THIS HAVE TO DO WITH LOWER INCOME FAMILIES? ONE OF THE THINGS THAT IS NOT OFTEN REALIZED IS THAT WE HAVE EXPAND SOME BENEFITS FOR...
|
| 01:20:24 |
Unidentified Speaker, -
THE SEEMINGLY INCLINATION OF CONGRESS TO FAVOR, QUOTE, TAX CUTS BUT OPPOSE, QUOTE, SPENDING INCREASES EVEN WHEN THE PROGRAMS ARE IDENTICAL IN NATURE,...
|
| 01:22:50 |
Unidentified Speaker, -
LIKE THAT. IT WOULD BE REALLY NICE IF WE COULD STRAIGHTEN THAT WHOLE MESS OUT. I WOULD MENTION JUST ON TOP OF THE PROGRAM WE HAD BEFORE, THAT ONE OF...
|
| 01:24:07 |
Unidentified Speaker, -
IT DONNED ON ME THAT WE JUST COVERED SOCIAL SECURITY REFORM AND TAX REFORM AND THOSE MAY HAVE BEEN THE TWO EASY TOPICS ON OUR OVERALL PANEL TODAY....
|
| 01:25:29 |
Unidentified Speaker, -
FISCAL SANITY. I THINK IT'S POSSIBLE THAT IN THIS TERM, WE WILL SEE A BIPARTISAN BUDGET DEAL THAT WILL INVOLVE BOTH TAX INCREASE WELL DISGUISED AND...
|
| 01:35:15 |
Unidentified Speaker, -
CURRENT ACCOUNT DEFICIT AND THE PROSPECT FOR CONTINUED DECLINE IN THE FOREIGN EXCHANGE VALUE OF THE DOLLAR. THERE SHOULD BE NO DOUG THAT WE FACE A LONG...
|
| 01:35:27 |
Unidentified Speaker, -
CRISIS. THERE'S LITTLE EVIDENCE TODAY OF A POLITICAL INCENTIVE TO MAKE THE NECESSARY HARD CHOICES. DURING THE RECENT CAMPAIGN, PRESIDENT BUSH MADE...
|
| 01:40:44 |
Unidentified Speaker, -
SHOULD BE. OKAY. I'M GOING TO OPEN IT UP TO THE AUDIENCE. BUT THE FIRST THING I WANT TO DO IS ASK BOTH IF THEY WANTED TO ASK EACH OTHER QAE AND THEN...
|
| 01:41:25 |
Unidentified Speaker, -
THERE'S A REAL GRAND BARGAIN HERE IN THE
|
| 01:41:27 |
Unidentified Speaker, -
SHORT AND LONG TERL. WE FACE VERY DIFFERENT PROBLEMS THE NEXT TEN YEARS AND OVER THE LONG TERM. SHORT TERM, GOVERNMENT TAXES ARE FAR BELOW WHERE THEY...
|
| 01:42:20 |
Unidentified Speaker, -
LEARN MUCH MORE ABOUT THE UNIVERSE, MUCH CHEAPER FROM UNMANNED VEHICLES THAN WE CAN PROTECTING EVEN THOUGH WE VN DONE IT VERY WELL, THE LIVES OF ASTRONAUTS...
|
| 01:44:13 |
Unidentified Speaker, -
PREFERABLE. I DOUG VERY MUCH WHETHER THERE ARE VERY MANY FEDERAL PROGRAMS IN ANY ACTIVITY IN WHICH THE MARGINAL VALUE IS WORTH $2.75
|
| 01:44:23 |
Unidentified Speaker, -
FOR THE LAST DOLLAR SPENDING. I THINK THE WHOLE OF THE FEDERAL GOVERNMENT SHOULD BE REDUCED IN ALMOST EVERY DIMENSION AND MY CASE IS TO MAKE THE CASE...
|
| 01:44:58 |
Unidentified Speaker, -
LIABILITY -- MAJOR REFORM OF TORT LIABILITY. THE PROBLEM OF THAT IS THAT HE HAS NOT FIGURED OUT WHAT THAT SHOULD KONS TUS AT
|
| 01:45:07 |
Unidentified Speaker, -
THE MOMENT. HE WILL ALSO PROPOSE A MAJOR REFORM OF IMMIGRATION LOSS. THE PROBLEM IS THAT PLAGUES BOTH PARTIES. GIVEN THE NEW RULES MAY NEVER GO ANYWHERE....
|
| 01:46:01 |
Unidentified Speaker, -
BUT BECOMING MORE LIKELY. I WONDER IF YOU COULD EXPLAIN A LITTLE BIT ABOUT WHAT THAT MIGHT ACTUALLY LOOK LIKE. WHAT COULD HAPPEN TO FINANCIAL MARKETS?...
|
| 01:46:32 |
Unidentified Speaker, -
WHAT MIGHT SEEM LIKE A HOUSING BUBBLE. AT LEAST ON THE EAST AND WEST COAST. WE FACE A PROSPECT OF A TIERED SET OF FINANCIAL CRISES THAT MIGHT BE PROVOKED...
|
| 01:47:27 |
Unidentified Speaker, -
DOESN'T THE BOND MARKET THINK THAT. THEY AREN'T REACTING. BUT I THINK NOW -- I DON'T KNOW THE ANSWER TO THAT. MAYBE THEY'RE JUST SHORT SIGHTED. BUT,...
|
| 01:49:10 |
Unidentified Speaker, -
ABOUT THE DOLLAR, THE POTENTIAL DOLLAR MELTDOWN, I CERTAINLY
|
| 01:49:14 |
Unidentified Speaker, -
GET THE SENSE THAT MOST OF THE PEOPLE WHO HAVE SPOKEN TODAY FEEL THAT IT'S RIGHT AROUND THE CORNER. WHAT DO YOU THINK ALAN GREENSPAN IS LIKELY TO DO...
|
| 01:49:55 |
Unidentified Speaker, -
NO ENTHUSIASM AT THE FEDERAL RESERVE SO FAR AS I KNOW FOR TRYING TO MANIPULATE CURRENCY MARKETS DIRECTLY. IT'S, I THINK, VIEWED AS A LOST CAUSE. >>...
|
| 01:50:32 |
Unidentified Speaker, -
PRICE INCREASE OR EXCHANGE PROBLEM, I THINK THAT THE FED BY AND LARGE SHOULD IGNORE THAT. THAT WOULD BE HARD TO DO BECAUSE "WALL STREET JOURNAL," AMONG...
|
| 01:51:14 |
Unidentified Speaker, -
TRY TO PREVENT THE WORST ASPECTS OF IT. I'M THINKING ABOUT THE PLAZA ACCORD
|
| 01:51:21 |
Unidentified Speaker, -
BACK IN 1985 WHEN THEY DID SOMETHING LIKE
|
| 01:51:24 |
Unidentified Speaker, -
THAT UNDER THE LEADERSHIP OF THE U.S. TREASURY, IF I REMEMBER CORRECTLY. AND BILL, YOU MAY REMEMBER MORE ABOUT THAT THAN I DO. I WOULD BE INTERESTED...
|
| 01:52:17 |
Unidentified Speaker, -
DOLLAR FROM COLLAPSING. IT'S A VERY DIFFERENT PROBLEM. AND I THINK THAT WHAT WE WOULD BE ASKING OF FOREIGN GOVERNMENTS IS TO, IF WE DID THAT, WOULD BE...
|
| 01:52:53 |
Unidentified Speaker, -
TINY SHIFT IN THEIR PROPENSITY TO HOLD FOREIGN DENOMINATED SECURITIES
|
| 01:52:59 |
Unidentified Speaker, -
RELATIVE TO DOLLAR DENOMINATED SECURITIES
|
| 01:53:02 |
Unidentified Speaker, -
COULD CREATE PRESSURE THAT MIGHT MAKE IT QUITE IMPOSSIBLE FOR ANY ENTITY TO INTERVENE. I WONDER WHETHER YOU'RE AT ALL CONCERNED ABOUT POSSIBLE SHIFTS...
|
| 01:53:43 |
Unidentified Speaker, -
INTO FOREIGN ASSETS. >> THERE'S ANOTHER QUESTION IN THE BACK OF THE ROOM. >> JOHN SHIMANO, CHILD WELFARE LEAGUE. YOU ALL TOUCHED ON THIS, BUT WHAT...
|
| 01:54:08 |
Unidentified Speaker, -
A SITUATION WE HAD IN THE '80s AND '7 Os, BOTH INFLATION, HIGH
|
| 01:54:15 |
Unidentified Speaker, -
UNEMPLOYMENT? >> I'M SORRY. I DIDN'T HEAR THE QUESTION. >> WELL, I DID. I THINK. WHAT HAPPENS IF WE HAVE A RECESSION IN THE NEXT SEVERAL YEARS. HAVEN'T...
|
| 01:54:37 |
Unidentified Speaker, -
RIGHT. AN ADDITIONAL TAX CUT
|
| 01:54:39 |
Unidentified Speaker, -
AS WE HAD IN 2001 TO COUNTER ACT A NEW RECESSION WOULD BE MUCH HARDER TO ARGUE FOR BECAUSE OF THE LONG RUN KONS QENGSS. ONE OF THE REASONS THAT THE...
|
| 01:55:54 |
Unidentified Speaker, -
FOREIGN POLICY,
|
| 01:55:55 |
Unidentified Speaker, -
ONE OF THE QUESTIONS THAT COMES UP CONSISTENTLY IS WHO IS REALLY DRIVING FOREIGN POLICY IN THE BUSH ADMINISTRATION? WHAT IS THAT POLICY BASED ON? I...
|
| 01:57:17 |
Unidentified Speaker, -
OTHER THAN KARL ROVE. AND THAT MAY
|
| 01:57:21 |
Unidentified Speaker, -
BE WHY THE PAPERS ARE NOW SPECULATING THAT THERE WILL BE A NEW ECONOMIC TEAM. I WOULD CHARACTERIZE THE POLICY AS SPEAK LOUDLY TO THE REPUBLICAN BASE....
|
| 01:58:19 |
Unidentified Speaker, -
REFORM SINCE HE WAS GOVERNOR OF
|
| 01:58:21 |
Unidentified Speaker, -
TEXAS. AND HE CAME VERY CLOSE TO MAKING A DEAL WITH PRESIDENT FOX OF MEXICO THE WEEK BEFORE 9/11. SO THIS IS SOMETHING THAT IS HIS OWN CONCERN AND...
|
| 01:59:23 |
Unidentified Speaker, -
MEDICAID? WOULD THAT MEAN SINGLE
|
| 01:59:26 |
Unidentified Speaker, -
PARENT HEALTH SYSTEM AND GETTING RID OF INEFFICIENCIES OF PRIVATE INSURANCE? OR WOULD IT MEAN GETTING RID OF ENTITLEMENTS. >> HEALTH PROGRAMS HAVE TO...
|
| 02:00:00 |
Unidentified Speaker, -
ONE. >> WAS THERE A QUESTION BACK THERE? >> IT'S BECOME POLITICALLY CORRECT IN WASHINGTON TO TALK ABOUT BUDGET PROCESS REFORM, DESPITE THE HISTORY OF...
|
| 02:00:23 |
Unidentified Speaker, -
RIVLIN, ABOUT WHAT RUDY PENNER SAYS, WHICH IS MAYBE THE PROCESS IS NOT THE PROBLEM, BUT THE PROBLEM IS
|
| 02:00:28 |
Unidentified Speaker, -
THE PROBLEM? AND THAT POLITICIANS WOULD PREFER TO BE DISTRACTED TALKING ABOUT BUDGET PROCESS RATHER THAN DOING THE ACTUAL SPENDING CUTS OR TAX INCREASES....
|
| 02:01:06 |
Unidentified Speaker, -
WHEN WE HAD A BIPARTISAN CONSENSUS, IN THE '9 Os ON DEFICIT REDUCTION, AND WE DID. NOT ON HOW TO DO IT BUT WE HAD A BIPARTISAN CONSENSUS FROM 1990 ...
|
| 02:03:02 |
Unidentified Speaker, -
THE BUDGET DISCUSSIONS
|
| 02:03:04 |
Unidentified Speaker, -
RECENTLY. THERE SEEMS TO BE AN AGREEMENT THAT
|
| 02:03:07 |
Unidentified Speaker, -
WE HAVE A FISCAL CHALLENGE ORIFICE CALL PROBLEM. BUT I HAVE NOTICED THAT THERE ARE DIFFERENT DESCRIPTIONS OF THAT EXACT PROBLEM. AND THERE ARE SOME WHO...
|
| 02:03:17 |
Unidentified Speaker, -
MATTER AND WE HAVE TO LOOK AT, PUT EVERYTHING ON
|
| 02:03:19 |
Unidentified Speaker, -
THE TABLE TO ADDRESS THOSE DEFICITS. AND THERE ARE OTHERS WHO SAY IT'S SPENDING THAT MATTERS AND THE PROBLEM IS WE CAN'T LET SPENDING GROW TOO MUCH....
|
| 02:04:06 |
Unidentified Speaker, -
VOTERS. FROM THEM TO US. FROM THEM TO US. SO I THINK IT IS THE DEFICIT IS A FUNDAMENTALLY IMMORAL FISCAL ACT, UNLESS IT PROVIDES SUBSTANTIAL BENEFITS...
|
| 02:06:29 |
Unidentified Speaker, -
DEFICIT IS THAT IT IS A TAKING FROM FUTURE GENERATIONS TO SUPPORT OUR CONSUMPTION AND I THINK I AGREE WITH BILL THAT THAT IS IMMORAL. WE DIFFER ON SPENDING....
|
| 02:07:56 |
Unidentified Speaker, -
A LARGE TASK THESE TWO PANELISTS HAVE. THERE'S ALMOST NO SORT OF BUDGET ORIFICE DAHL POLICY MEETING WHICH I GO TO THESE DAYS WHERE SOMEBODY DOESN'T...
|
| 02:09:02 |
Unidentified Speaker, -
FOUR YEARS. PRESIDENT BUSH HAD MADE THE ADDITION OF A DRUG BENEFIT DURING HIS FIRST ADMINISTRATION TO MEDICARE A MAJOR PRIORITY ISSUE. HE HAD RUN AS...
|
| 02:17:05 |
Unidentified Speaker, -
THEY HAVE BEEN IN THE SYSTEM FOR A VERY LONG TIME AND AREN'T GOING TO GO AWAY ANY TIME SOON.
|
| 02:17:10 |
Unidentified Speaker, -
THE BUSH CAMPAIGN THEME IN HEALTH POLICY WAS THE OWNERSHIP SOCIETY. AND THAT'S A VERY IMPORTANT CONCEPT. AS HENRY SAID, HEALTH SAVINGS ACCOUNTS WHICH...
|
| 02:27:34 |
Unidentified Speaker, -
THEIR OWN MONEY ON HEALTH CARE AND THEN AVOID TREATMENTS WHICH ULTIMATELY WOULD SAVE MONEY. HOW DO YOU DEAL WITH THAT TENSION IF WE MOVE TO A SYSTEM...
|
| 02:28:07 |
Unidentified Speaker, -
FOR HENRY NOT FOR ME. SO WE HAVE A BASIC HUMAN FACTOR HERE. NOW WITH THE SAVINGS REGIME. MONEY CAN BE SPENT UP FRONT IS EXEMPTED FROM THIS REQUIREMENT...
|
| 02:29:14 |
Unidentified Speaker, -
BE SQUEEZING OUT OTHER AREAS OF THE BUDGET OR PAYING MORE, EXPANDING THE BUDGET AND PAYING MORE FOR HEALTH CARE ON THE BUDGET SIDE OF THIS? >> YES....
|
| 02:29:43 |
Unidentified Speaker, -
DISCIPLINE THAN THE SYSTEM IS CURRENTLY
|
| 02:29:46 |
Unidentified Speaker, -
|
| 02:29:47 |
Unidentified Speaker, -
GENERATED. FOR BROOKINGS PROJECT I HAVE DONE A LITTLE EXERCISE WHICH MAY BE OF SOME INTEREST. LET'S SUPPOSE THAT ONE SLOWED THE GROWTH OF HEALTH CARE...
|
| 02:32:45 |
Unidentified Speaker, -
AWAY FROM THE OLD SYSTEM OF HAVING EACH OF THE BASICALLY STATE DEVIL CONTRACTORS MAKE DECISIONS ABOUT WHO GETS WHAT UNDER MEDICARE. MOVING MORE TO NATIONAL...
|
| 02:34:26 |
Unidentified Speaker, -
HIGH CONCENTRATION OF HEALTH CARE COSTS IN LARGE
|
| 02:34:30 |
Unidentified Speaker, -
COSTS CASES. PRESUMABLY WE DON'T WANT PEOPLE HAVING HEART ATTACKS DECIDING WHERE THEY DIRECT THEIR AMBULANCE BASED ON THE RELATIVE COST OF EMERGENCY...
|
| 02:35:17 |
Unidentified Speaker, -
WHETHER WE'RE EXPECTING REALLY SICK PEOPLE TO BE CAREFUL SHOPPERS. THE QUESTION,HOW WILL WE CHANGE THE WAY EVERYBODY LOOKS AT HEALTH CARE? NOT THE...
|
| 02:37:31 |
Unidentified Speaker, -
THE LAST COUPLE OF FUNDING CYCLES THAT HAS BEEN REDUCED SIGNIFICANTLY, FISCAL '05
|
| 02:37:38 |
Unidentified Speaker, -
THEY'RE DOWN ABOUT 2.5%, INCREASE. WHERE DO YOU SEE SORT OF THEIR FUTURE IN TERMS OF FUNDING AND CONTRIBUTING TO THIS SCIENCE AND WHERE IT IS -- WHAT...
|
| 02:38:18 |
Unidentified Speaker, -
OF SUPPORT FOR SCIENTIFIC RESEARCH. THE NET BENEFITS FROM INVESTMENTS IN SCIENTIFIC RESEARCH ARE ENORMOUS. THE NET POTENTIAL FOR WASTE IS EQUALLY...
|
| 02:40:27 |
Unidentified Speaker, -
PRIORITY? THIS IS ULTIMATELY THE PROBLEM WITH ALL GOVERNMENT INDUSTRIAL POLICY PICKING WINNERS. AND IT'S EVEN HARDER WHEN IT COMES TO BASIC RESEARCH....
|
| 02:41:44 |
Unidentified Speaker, -
I WONDER IF YOU COULD COMMENT ON THE PROSPECTS FOR THAT PROPOSAL AS WELL AS THE PROS AND CONS OF THAT APPROACH. >> I'M GLAD YOU BROUGHT THAT UP. I FEEL...
|
| 02:42:15 |
Unidentified Speaker, -
WHICH WOULD SHIFT THE FINANCIAL FINANCIAL -- MUCH OF THE FINANCIAL RISK FROM RISING CASE ROLLS AND INCREASING PER CAPITA MEDICAL COSTS FROM THE FEDERAL...
|
| 02:43:31 |
Unidentified Speaker, -
TWO ITEMS ON THE BUSHED A GENERAL DA ARE THE FIRST TWO ITEMS ON TODAY'S AGENDA AS WELL. SOCIAL SECURITY REFORM AND TAX REFORM. SEE, YOU DON'T START...
|
| 02:44:52 |
Unidentified Speaker, -
AS DISCRETIONARY SPENDING. THAT WOULD MEAN THAT THERE WOULD BE PRESSURE TO SLOW THE GROWTH OF MEDICAID SPENDING, MEDICARE SPENDING POSSIBLY EVEN SOCIAL...
|
| 02:46:07 |
Unidentified Speaker, -
GOOD
|
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.