Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1976 - United States |
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Page 7
... expenditures and thus jeopardize long- term economic goals . High and variable rates of inflation not only create imbalances and sectoral distortions by capriciously changing the real value of existing contracts , but they also raise ...
... expenditures and thus jeopardize long- term economic goals . High and variable rates of inflation not only create imbalances and sectoral distortions by capriciously changing the real value of existing contracts , but they also raise ...
Page 8
... expenditures are difficult to check during later upswings . Because countercyclical policy changes may be slow to take hold and then difficult to reverse , their effects may extend well beyond the time when they are most needed ...
... expenditures are difficult to check during later upswings . Because countercyclical policy changes may be slow to take hold and then difficult to reverse , their effects may extend well beyond the time when they are most needed ...
Page 11
... are undertaken and how large the response will be . With respect to fiscal policy there is the additional complication that 74-582-76 - pt . 1—2 countercyclical increases in Government expenditures are difficult to check during 11.
... are undertaken and how large the response will be . With respect to fiscal policy there is the additional complication that 74-582-76 - pt . 1—2 countercyclical increases in Government expenditures are difficult to check during 11.
Page 12
... expenditures are difficult to check during later upswings . Because counter cyclical policy hanges may be slow to take hold and then difficult to reverse , their effects may extend well beyond the time when they are most needed ...
... expenditures are difficult to check during later upswings . Because counter cyclical policy hanges may be slow to take hold and then difficult to reverse , their effects may extend well beyond the time when they are most needed ...
Page 33
... EXPENDITURES , NATIONAL INCOME ACCOUNTS BASIS , CALENDAR YEARS 1975-76 1975 : II . III . IV . 1976 : L II . III . IV . Full employment receipts Full employment expenditures Surplus or deficit ( - ) 344.8 329.8 15.1 309.8 343.0 -33.3 ...
... EXPENDITURES , NATIONAL INCOME ACCOUNTS BASIS , CALENDAR YEARS 1975-76 1975 : II . III . IV . 1976 : L II . III . IV . Full employment receipts Full employment expenditures Surplus or deficit ( - ) 344.8 329.8 15.1 309.8 343.0 -33.3 ...
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administration agencies areas Arthur Burns average banks bill billion BROWN of Michigan BROWN of Ohio capital Chairman HUMPHREY Congress Congressman consumer continue costs countercyclical countries debt decline deficit dollars economic policy economists effect employees estimates expenditures Federal Government Federal Reserve financing fiscal policy forecast full employment funds goals going GREENSPAN gross national product growth impact income increase industry inflation inflationary interest rates investment Joint Economic Committee labor force look LYNN Mayor ment monetary policy money supply months nomic OPEC outlays output percent President President's private sector problem programs projected proposed quarter question recession recovery reduce Representative BROWN Representative HECKLER Representative LONG revenues rise savings Secretary SIMON Senator JAVITS Senator PROXMIRE SHISKIN social security spending stimulate talking things tion unem unemployed unemployment rate wage workers
Popular passages
Page 218 - State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful employment opportunities, including self-employment, for those able, willing, and seeking work, and to promote maximum employment, production, and purchasing power.
Page 654 - I do have a couple of questions I would like to ask you. I...
Page 554 - Organization's definition of health as a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.
Page 99 - If the witness will read the paragraph marked step 8 at the bottom of page 8 and the top of page 9, which is just one of the 12 steps which would have to be taken.
Page 481 - Budget Highlights" which are contained in The Federal Budget and the Cities, an analysis prepared by the United States Conference of Mayors and the National League of Cities.
Page 111 - USC 665) , is amended to read as follows : "(2) In apportioning any appropriation, reserves may be established solely to provide for contingencies, or to effect savings whenever savings are made possible by or through changes in requirements or greater efficiency of operations.
Page 646 - My name is James J. Needham. I am Chairman of the Board of Directors and Chief Executive Officer of the New York Stock Exchange, Inc.
Page 69 - ... between those in some need and those most in need; —between the programs we already have and those we would like to have; —between aid to individuals and aid to State and local governments; —between immediate implementation of a good idea and the need to allow time for transition; —between the desire to solve our problems quickly and the realization that for some problems, good solutions will take more time; and —between Federal control and direction to assure achievement of common...
Page 68 - The budget reflects the President's sense of priorities. It reflects his best judgment of how we must choose among competing Interests. And it reveals his philosophy of how the public and private spheres should be related. Accordingly, I have devoted a major portion of my own time over the last several months to shaping the budget for fiscal year 1977 and laying the groundwork for the years that follow.
Page 111 - ... brought to bear on the estimates at this time. The examiners must be thoroughly familiar with the President's budget policy and previous congressional action, as well as with the programs of the agency and their relationship to activities of other agencies.