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The white house from the outside is that its actually a very normal life upstairs on those two floors in the white house residence. First ladies probably and i know i did lie on the couch and read a book and in my case my cat would always curl up next to me. Up next ahead of the Congressional Budget Office on the deficit. The Economic Outlook and how the labor market is being affected by the Health Care Law. Douglas elmendorf was before that House Budget Committee for two and a half hours. [inaudible conversations] see the hearing come to order. I love everybody and welcome. I first want to th...

A percent of gdp during that time. They are hire in each of those years than they are today, is the rights because thats right, congressman. And their higher, are they not do, in each of those years than it will be as a percent of economy 10 years from . Yes, thats right. My calculation is that the average amount of revenue as a percent of gdp when the last balance the budget was 19 of gdp. During those four years the average amount of revenue was 90 of gdp. Now, you have just testified that the main reason that were going to see an increase in the deficit in the out years is because we have t...

Programs that reduce the existence of poverty and the suffering associate with it. So i want to ask you, what policies are antipoverty initiatives tend to get the most bang for our buck in terms of boosting Economic Growth . For example, what is the impact of Economic Impact of not extending Unemployment Compensation for the 1. 7 Million People have lost their checks what theyre looking for a job . Will we see them fall into the ranks of the poor . Does raising the minimum wage boost Economic Growth and reduce poverty . Whats the impact on poverty and Economic Growth rate as a result of, unfor...

Because they are not able to have the Home Construction and home sales taking place so clearly right away we are seeing in the past few weeks a drop in their draw requests, demand and housing. Jeanne shaheen. I wanted to make the point for all of you who are involved with government contracting, the department of defense, that this is not the first hit the folks of gone. This comes on top of sequestration, those automatic cuts which already had a huge impact in the state of New Hampshire. The defense spending accounts for 17,000 employees, 1 billion in payroll. Economic activity. It is a huge ...

Saved kur consumers a lot of money. The other thing when we go to save rules or law in financial area to protect consumers were met with criticism its going to dry up access to credit. Nobody will lend if they have to protect consumers, like its a horrible, unmentionable, impossible to understand objective. In this case, what we were able to determine was that the access to credit issues were limited. To the extent there was constriction in access to credit parcelled out in the crisis which caused restrictions on access to credit, they were in terms of product lines utilized by consumers, ther...