| 00:00:17 |
Unidentified Speaker
FOUR PROTECTIONS. >> NINA OLSON,
|
| 00:00:23 |
Unidentified Speaker
WILL DISCUSS WHAT THE IMPENDING FISCAL CLIFF MEANS FOR TAX FILING SEASON. AND THE FORMULA FOR PAYING DOCTORS UNDER MEDICARE. LATER, A LOOK AT HOW THE...
|
| 00:00:46 |
Unidentified Speaker
A DEMOGRAPHER FOR THE BROOKINGS -- >> MEDICARE COSTS WILL GROW LESS THAN 3%, WHICH IS UNBELIEVABLY LOW BY HISTORICAL STANDARDS. OR THAT WE SAW LAST YEAR....
|
| 00:03:11 |
Unidentified Speaker
VERY GOOD. THAT IS WHERE I WAS GOING TO START. TELL US WHAT HAPPENS IN THE NEXT FEW MONTHS. HOW DOES THE BEGINNING OF 2013, DO WE GO OVER THE CLIFF?...
|
| 00:03:30 |
Unidentified Speaker
AN AGREEMENT. THE REASON IS, ON THAT POINT, AND MIGHT ENTITLEMENTS, THE REPUBLICANS HAVE PUT THEMSELVES IN A BOX THAT IS NOT TENABLE. TO ARGUE THAT THERE...
|
| 00:04:49 |
Unidentified Speaker
PART OF IT, WHAT HAPPENS TO DEDUCTIONS? >> I THINK IT IS LIKELY
|
| 00:04:57 |
Unidentified Speaker
THERE WILL BE SOME TAX EXPENDITURE PROCESS. IF YOU HAVE A MARGINAL TAX RATE INCREASE THAT IS LESS THAN 39.6%, THERE WILL BE SOME LIMIT ON DEDUCTIONS...
|
| 00:05:40 |
Unidentified Speaker
THE FLOOR IN JUST A SECOND BUT ONE MORE, UNEMPLOYMENT BELOW 7%. ONE WEEK AGO I WOULD HAVE SAID IT WAS EVEN MORE OPTIMISTIC. >> I MADE IT BEFORE
|
| 00:05:53 |
Unidentified Speaker
FRIDAY. >> AND YOU DID NOT
|
| 00:05:56 |
Unidentified Speaker
ADJUSTED. THE ECONOMY DID WELL. DO WE END WITH THE VIEW THAT THE U.S. IS THE BEST PERFORMING OF THE ADVANCED ECONOMIES? >> THE U.S. HAS A PRETTY
|
| 00:06:11 |
Unidentified Speaker
GOOD MEDIUM-TERM GROWTH PROSPECTS. BOTH BECAUSE OF THE ENERGY BOOM, INCREASING EFFICIENCIES AND HEALTHCARE, AND STILL BEING THE WORLD LEADER IN TECHNOLOGY,...
|
| 00:07:05 |
Unidentified Speaker
ARE THERE ANY QUESTIONS? NO QUESTIONS? I HAVE LOOKED MORE -- LOADS
|
| 00:07:11 |
Unidentified Speaker
MORE. >> [INAUDIBLE] >>
|
| 00:07:17 |
Unidentified Speaker
CAN WE CONTINUE TO PRINT MONEY WITHOUT CAUSING INFLATION? >> ONE
|
| 00:07:21 |
Unidentified Speaker
OF THE MOST CHALLENGING LINES THAT THE NEXT CHAIRMAN OF THE FEDERAL RESERVE WILL HAVE TO WALK IS UNWINDING THE BALANCE SHEET EXPANSION THAT HAS OCCURRED...
|
| 00:09:04 |
Unidentified Speaker
HAVE MASSIVE UNTAPPED PRODUCTIVITY BECAUSE WE ARE NOT USING ALL OF THE PLAN EQUIPMENT AND WORKERS WE COULD. THAT UNEMPLOYMENT RATE IS STILL ELEVATED....
|
| 00:10:15 |
Unidentified Speaker
YOUR SECOND AND FOURTH PREDICTIONS WHICH IS, WE NEED TO BE UPBEAT ON MEDICAL COST CONTROL. THREE% IS MUCH SLOWER. -- 3% AS MUCH LORE. HE SAID THE FISCAL...
|
| 00:10:33 |
Unidentified Speaker
THE FISCAL CLIFF. >> I SHOULD HAVE
|
| 00:10:37 |
Unidentified Speaker
SAID, AS ESTIMATED BY THE CONGRESSIONAL BUDGET OFFICE. >>
|
| 00:10:40 |
Unidentified Speaker
IT IS NOT MY PREDICTION? >> CBO
|
| 00:10:42 |
Unidentified Speaker
WILL NOT TAKE INTO ACCOUNT THE SLOWDOWN IN HEALTH CARE COSTS FOR A VERY LONG TIME. >> THE BIGGER
|
| 00:10:48 |
Unidentified Speaker
PICTURE -- IT IS THE SLOWING OF HEALTH CARE COSTS ENOUGH TO RID WHATEVER TAX OR ENTITLEMENT DEAL YOU EXPECT NEXT YEAR FOR US TO BE ABLE TO SAY AT THE...
|
| 00:11:03 |
Unidentified Speaker
MEDIUM TERM? >> NOT REALLY. THE FIRST IS THAT DECELERATION IN HEALTH CARE COSTS IS STILL IN ITS INFANCY AND IT IS TOO SOON TO CONCLUDE THAT IT WILL PERSIST....
|
| 00:11:51 |
Unidentified Speaker
VERY WASHINGTON. WE HAVE GOT TIME FOR ONE MORE QUESTION. YES, GENTLEMAN UP THERE. >> I HAVE A
|
| 00:12:02 |
Unidentified Speaker
QUESTION ABOUT, YOU SAID THERE ARE FACTORS -- ABOUT ECONOMIC RECOVERY. I AM WONDERING ABOUT STUDENT DEAD AND HOW THE BURDEN WILL PLAY INTO THE ECONOMIC...
|
| 00:12:19 |
Unidentified Speaker
PART OF A BROADER QUESTION. WE ARE MOST, NOT ALL THE WAY THROUGH THE KEY LEVERAGING QUESTION. THAT HAS BEEN A SIGNIFICANT HINDRANCE TO ECONOMIC GROWTH....
|
| 00:13:34 |
Unidentified Speaker
WE ARE GOING TO HAVE TO STOP THERE. WE CAN CONCLUDE BY SAYING IT WAS -- GLASS HALF FULL OR HALF EMPTY? >> HALF
|
| 00:13:43 |
Unidentified Speaker
FULL. MUCH BETTER THAN IT HAS SPENT CARROT RELATIVE TO THE LAST THREE YEARS, 90% FULL. >> THANK YOU SO
|
| 00:13:52 |
Unidentified Speaker
MUCH, PETER. >> FRIDAY
|
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.