CSPAN Capitol Hill Hearings September 9, 2011
they continue to tighten their belts by cutting spending and reducing payrolls in the face of ongoing budgetary pressures. there's ample room for debate about the proper size and role of the government in the longer run a substantial fiscal consolidation could add to the headlines. the fiscal drag on the economy in the face of sluggish recovery highlights one of the difficult trade-offs currently face. as i have emphasized, they address the fiscal burdens that are associated with the aging of our population and the ongoing crisis in health care costs. the government will spiral out o...
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