Ranking Member Van Hollen questions CBO Director Elmendorf at 10/26 JSC hearing
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Uploaded by HouseBudgetCmteDem on Oct 26, 2011
House Budget Committee Ranking Member questions CBO Director Dr. Douglas W. Elmendorf at the hearing of the Joint Select Committee on Deficit Reduction on "Overview: Discretionary Outlays, Security and Non-Security" on October 26, 2011.
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Watching clip like this is depressing because it seems both party stick to their party line policy. Democrats don't want to cut as much spending , and Republicans don't want to raise tax on the riches. Nothing really changed. I think whoever run as independent in 2012 will win any election. And by Nov., market will crash again. Why? International community think $ 150 Billion / yr for over 10 yr will not resolve anything. $ 1.5 T over 10 yr is more of a joke than solution in my view.
xoxak888 4 months ago