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Good afternoon and welcome to the local Agency Formation commission of San Francisco board of supervisors. Today is may 20, 2016. This is john avalos, joined by cynthia crews and david campos. Todays clerk is alisa samara. Silence cell phones and electroning devices. Speaker cards should be submit today the clerk. Like to announce and thank sfgtv staff broadcasting the meeting, jim smith and phil jackson. We dont have to do roll call, right . No, you stated who is here. We are here accept for commissioner mar. Do we need a motion to excuse commissioner mar . Motion by commissioner crews and se...

Anded establish the idc, was in the first of the president of the icc. Currently the head of head director of publicity for the swiss foreign minister. Catherine has done a tremendous anunt of work and was advisor. Within the office of the General Council at the cia at the start of her career. She is currently involved in so Many International discussions i wont even list them. Colonel gary brown to the left, the ambassador, is currently a security of cyber the Marine Corps University in quantico. Thank you for joining us. Prior to that, he was in the icrc in the washington office. He has been...

And more between risings costs and stagnant income. Its pri my great pleasure to bring dr. Dynan to the stage. Thank you very much. [applause] thank you. Thank you, christian, for that very gracious introduction, and thanks for inviting me to participate. Im really so glad that cap is digging in on this topic. In the two plus year ive been in the administration i learned things that have really unscoredded for me the importance of higher saving in the retirement context, and in other con texts as well. And ive also learned just how complicated. It is to develop policy options on those fronts. ...

Get into the question of what policy can do and what the administration has proposed to foster higher savings. And so im going to start with the macro case for higher saving. So, the u. S. Personal saving rate, which is loosely defined as saving net of new borrowing divided by aftertax income has declined markedly over the past several decades. Americans saved 12 of their incomes on average in the 1970s. About nine percent on average in the 1980s, and about seven percent on average in the 1990s. Since 2000, the personal saving rate has averaged just under five percent, which is about where it ...

Were lied to about weapons of mass destruction. Yes, like to. Yes, lied to. We know where the weapons are, they didnt know where the weapons are, that was a lie. Warblican party, the bushs put us in it. Not only did the creek is to joy war, but they created the wars not only did they create the 2 trillion war, we did exactly what the experts told us not to do. It was a hornets nests. Dan. Ou,hat it would be disingenuous to say the Obama Administration costs are dead. He inherited the debt. Clearly, it would be disingenuous to say barack obama has not been responsible either. He is added to tri...