14. Ec 7: REDUCING UNEMPLOYMENT TO 2 PERCENT HEARINGS BEFORE THE JOINT ECONOMIC COMMITTEE NINETY-SECOND CONGRESS SECOND SESSION OCTOBER 17, 18, AND 26, 1972 Printed for the use of the Joint Economic Committee NT FEB 12 1973 CH VINCITY OF CALIFORNIA U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1972 For sale by the Superintendent of Documents, U.S. Government Printing Office Stock Number 5270-01692 JOINT ECONOMIC COMMITTEE (Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.) WILLIAM PROXMIRE, Wisconsin, Chairman SENATE JOHN SPARKMAN, Alabama J. W. FULBRIGHT, Arkansas CHARLES H. PERCY, Illinois HOUSE OF REPRESENTATIVES HALE BOGGS, Louisiana HENRY S. REUSS, Wisconsin MARTHA W. GRIFFITHS, Michigan WILLIAM S. MOORHEAD, Pennsylvania WILLIAM B. WIDNALL, New Jersey JOHN R. STARK, Executive Director LESLIE J. BANDER GEORGE D. KRUMBHAAR, Jr. (Counsel) WALTER B. LAESSIG (Counsel) (II) CONTENTS Page Hall, Robert E., professor of economics, Massachusetts Institute of Tech- Bergmann, Barbara R., professor of economics, University of Maryland, Proxmire, Hon. William, chairman of the Joint Economic Committee: Stein, Hon. Herbert, Chairman, Council of Economic Advisers, accom- panied by Ezra Solomon, member; Gary Seevers, special assistant to the Article entitled "Nixon Plans To Kill Public Service Jobs in 1974 Budgeting," from the Evening Star and Daily News, October 16, |