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T is uniform for everyone housing, some get it and some do not. In the case of health care, the very lowest are on medicaid. And then you have the problem of cost of insurance. Of whatpart of the cost the Affordable Care act deals with. As long as we have that kind of polarization of income, those costs will increase. Now that we are away from the issue of does the government stay open or not, we will get into the debate about what do we invest in . A National Institute of health, reform of how the money is going into food stamps . It seems like we will see a shift in the debate and how we are focusing our attention. Let me raise another issue. I think it is complicated. Less have the committees been doing their work. When they do do their work, they are overruled by central leadership. Projectittees produce a product and then they get vetoed by leadership. My observatio ....
I would like to welcome you to the university of minnesota. We have a terrific program here today talking about the significance of the budget deal reached in washington in terms implicationscal for both the democratic and republican parties as well as the origins of some of what we have been seeing in washington. We have a terrific panel. I would like to introduce the panel. , he served gutknecht in 12 for 12 years in the minnesota house and 12 years in the United States house of representatives. , who servedin sabo for a long time in the minnesota house of representatives, including a speaker from 1973 1978. He went on to washington, where he served for 13 terms, i believe, in very important positions. It passed a budget act that played a major role in the reduction of the deficits during the 1990s. Mine and colleague of teaches courses as well as working with us in some of our other programming. He was a representative in the mi ....
That does not you have to deal with long term entitlement costs and revenue. Any real solution will be a combination of the two. That has been the real holdup. President obama got hammered. The head of the House RepublicanCampaign Committee came out instantaneously and slammed him. He was quickly followed by progressives who saw this as another betrayal by the president. On the issue of longterm deficit challenges, medicare, Social Security, do you see trends in Health Care Spending or with reform that might provide some reason for caution in going too far in medicare . And how severe is the challenge on Social Security . I think Social Securit ....
Million barrels a day of transportation fuels. We see that low point roughly around 2030, and that is about 12. 3 Million Barrels a day. Again, this is the reference case. Fuel efficiency rules begin to taper off around 2025 and policymakers decide to extend the fuel efficiency rules, we would see even lower numbers in there. We will run a side case on that this year, and that shows more of a decline than this plateau youre saying here. Gas,ed that shale were not seeing any punch a little. By 2040, we will be over 100 billion cubic feet her day. Per day of these productions of natural gas. These will roughly be half of the u. S. Natural gas reduction. This is a remarkable development. Haynesville, eagle ford, barnett about fayetteville, the big news is the marsalis orations in pennsylvania. It is now producing, estimated and are drilling productivity reports, this month and hit 13 billion cubic feet per day. In 2010 it was barely ....