07/16/2018
https://www.congress.gov...
"Mr. Chairman, if I could just briefly on that."
"Immediate, deep cuts will not create a single job."
"the most important thing we can do as a country is to put together a credible, long-term plan for fiscal sustainability."
"And so that is how we got the figure, 1.4, was we took CBO's estimates of what GDP being would be during that year and applied the percent savings you indicated."