| 00:04:34 |
MacGuineas, Maya - President
BUDGET. AS YOU HEARD FROM THAT VIDEO OUR FIRST FORAY INTO DIGITAL TECHNOLOGY IN OUR EVENTS THERE ARE A LOT OF VOICES URGING THIS NEW SUPERCOMMITTEE OF...
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| 00:08:20 |
Bell, Stephen - Senior Director
PANEL. >> THANK YOU. YOU HAVE BEEN TOILING IN THESE FIELDS FOR A LONG TIME. YOU HAVE DONE GOOD WORK AND WE APPRECIATE IT. WE ARE VERY GLAD TO CO-SPONSOR...
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| 00:09:43 |
Bixby, Robert L. - Executive Director
VERY MUCH FOR EVERYTHING. >> PLEASURE TO BE WITH YOU. I TOO HAVE THREE THINGS TO SAY. ONE IS I THOROUGHLY ENDORSED GO BIG. I THOROUGHLY ENDORSED GO...
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| 00:18:16 |
MacGuineas, Maya - President
COMMISSION. WE ARE PUTTING TOGETHER A BIPARTISAN DEAL THAT DID GO BIGGER AND COULD GO BIG AND HOPEFULLY WILL INFORM THE WORK OF THE SUPERCOMMITTEE....
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| 00:18:40 |
Cook, Peter - Anchor
TO TALK ABOUT THE ISSUE. AS A REPORTER COVERING THE SUPERCOMMITTEE, THIS IS AN IMPORTANT TOPIC FOR OUR AUDIENCE AND NOT ONLY FOR THIS AUDIENCE BUT THE...
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| 00:19:36 |
Bowles, Erskine B. - Co-Chair
LET'S SEE IF IT WORKS. >> IT WAS A GREAT HONOR TO SERVE ON THAT COMMISSION AND WORK ON A SUBJECT THAT IS THE MOST IMPORTANT WORK I HAVE EVER DONE IN...
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| 00:23:27 |
Crapo, Michael "Mike" - U.S. Senator, [R] Idaho
ON THE DEFICIT COMMISSION. WHY IS GOING BIG FEASIBLE? WHY IS IT THE RIGHT CHOICE? >> I AGREE WITH EVERYTHING ERKINE BOWLES JUST SAID. ALL FOUR OF A STAR...
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| 00:26:46 |
Cote, David M. - Member
ANYTHING DONE. IT WAS A TALL ORDER. FROM THE BUSINESS COMMUNITY WHAT IS WRITING? >> LET ME PUT OVERVIEW ON THIS. HONEYWELL IS THE $37 BILLION COMPANY...
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| 00:32:02 |
Rivlin, Alice M. - Director
SPENT MUCH TIME AT ALL. IF YOU DON'T SOLVE THIS PROBLEM, SHOW THE WORLD -- SORRY. THANK YOU. I THINK WE WILL GET OUR COMEUPPANCE FAIRLY SOON. IN THE...
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| 00:35:38 |
MacGuineas, Maya - President
YOU HAVE MADE OR MOST OF YOU MADE IS $4 TRILLION IS MORE LIKE A MINIMUM THAN A MAXIMUM. YOU STABILIZE THE DEBT ON A DOWNWARD TRAJECTORY BUT WELL ...
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| 00:37:54 |
Crapo, Michael "Mike" - U.S. Senator, [R] Idaho
CONGRESS. IT WAS A BATTLE OVER EXTENDING THE DEBT CEILING BY $2 TRILLION AND THAT IS HOW THE $2 TRILLION FIGURE WAS ACHIEVED. IT WAS NOT TO SOLVE...
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| 00:41:03 |
Cote, David M. - Member
ON WHAT SENATOR CRAPO SAID. WHEN WE SAY $4 TRILLION WOULD STABILIZE THE DEBT THAT INCLUDES 4.6% YEAR FOR TEN YEARS. WE ARE ALREADY MISSING THAT AND...
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| 00:43:01 |
Rivlin, Alice M. - Director
IT IS NOT ONLY FEASIBLE BUT NECESSARY TO THE TWO THINGS AT ONCE. THE TIMING IS ACTUALLY GOOD. ONE OF THE BIG THINGS THAT HAS TO BE DONE TO REDUCE THE...
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| 00:44:47 |
MacGuineas, Maya - President
PETER, THEY WANT TO -- >> LET ME PICK UP ON SOMETHING THAT YOU ALL HAVE TOUCHED ON, BUT THE ELEPHANT IN THE ROOM, THE DEBATE IN WASHINGTON RIGHT NOW....
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| 00:45:35 |
Crapo, Michael "Mike" - U.S. Senator, [R] Idaho
YOUR FINGER RIGHT ON THE BIGGEST ISSUE THAT HAS TO BE HANDLED BETWEEN THE TWO PARTIES IF WE WERE RESOLVE IT. I PERSONALLY THINK THEY CAN BE RESOLVED....
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| 00:47:29 |
Bowles, Erskine B. - Co-Chair
LAST SEVERAL WEEKS WITH ALMOST ALL OF THE MEMBERS OF THE SUPER COMMITTEE. I'M ACTUALLY RELATIVELY HOPEFUL. I WOULDN'T SAY OPTIMISTIC, BUT I AM FOR...
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| 00:50:31 |
Rivlin, Alice M. - Director
IS WORSE, BUT IF THEY ONLY DO THAT, THEN THEY REALLY WILL HAVE FAILED BECAUSE THEY WILL NOT HAVE STABILIZED THE DEBT OR SHOWN THAT WE CAN SOLVE THE...
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| 00:52:34 |
Cote, David M. - Member
THINGS PARTICULARLY. SPENDING REDUCTIONS BUT WE TRIED TO DO IT THOUGHTFULLY. THERE WAS ADDITIONAL REVENUE, BUT AGAIN I THINK WE DID THAT BY SAYING...
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| 00:55:33 |
Q&A, -
THERE. MICROPHONE IS COMING TO YOU. >> I'M NITZE. ONE OF THE THINGS THAT STRUCK BECAUSE I'M ALSO A C-SPAN ADDICT, IS THAT THERE'S NOT ENOUGH DETAIL....
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| 00:56:31 |
Bowles, Erskine B. - Co-Chair
I THINK FROM A MARKETING VIEWPOINT WE PROBABLY DID A PRETTY POOR JOB. HOWEVER, THE INFORMATION IS THERE AS AN EXAMPLE, PEOPLE -- I WAS HIT WHEN I...
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| 00:58:22 |
MacGuineas, Maya - President
REALLY NICE. ONE OF THE THINGS ABOUT THE FISCAL COMMISSION AND ALSO DOMENICI-RIVLIN COMMISSION IS EVEN WHEN THEY SAID THIS IS A FRAMEWORK FOR HOW SOMETHING...
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| 01:01:33 |
Crapo, Michael "Mike" - U.S. Senator, [R] Idaho
AN INCREDIBLY DIFFICULT TASK, AND GETTING INTO THE WEEDS OF DOING THAT IS A COMPLICATED AND DIFFICULT THING. BUT JUST USE THE BOWLES-SIMPSON MODEL...
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| 01:03:49 |
Bowles, Erskine B. - Co-Chair
COMMISSION PREFER A CONSUMPTION TAX TO ATTACKS ON WORK OR TAX ON CAPITAL, AS A BETTER WAY TO FINANCE THE OPERATIONS OF THE COUNTRY. AND YOU CAN DO...
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| 01:06:50 |
Rivlin, Alice M. - Director
SUCH COALITION IN FAVOR OF A CONSUMPTION TAX. IN THE DOMENICI-RIVLIN REPORT WE DID HAVE A BROAD-BASED CONSUMPTION TAX, BUT WE CAME TO THINK THAT WAS...
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| 01:07:41 |
Cote, David M. - Member
PEOPLE. AND THIS IS KIND OF ONE OF THE OTHER LEARNINGS WHEN ERSKINE EXPLAINED THE CONCERN ABOUT TO ENGINES OF GROWTH. WE WERE HAVING A CONVERSATION...
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| 01:10:06 |
Crapo, Michael "Mike" - U.S. Senator, [R] Idaho
NOW. >> WELL, FIRST OF ALL THE CLOSER WE GET TO AN ELECTION, PARTICULARLY PRESIDENTIAL ELECTION, THE HARDER IT GETS. THAT'S JUST A POLITICAL FACT OF...
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| 01:12:53 |
Bowles, Erskine B. - Co-Chair
SIMPLY, THE MORE COMPREHENSIVE WE MADE IT, THE MORE STANDARD EVERYBODY HAD TO GAIN. THE MORE PEOPLE WERE WILLING TO SUPPORT. THE ANSWER TO THIS WHOLE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.