Administration Proposal to Increase Public Debt Ceiling: Hearings, Ninety-third Congress, First Session ... October 18, 1973 |
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Page 1
... President Nixon's anticipated request to increase the public debt ceiling . This public hearing must be concluded by the Committee within this day . The Administration has not yet advised the Committee as to the precise in- crease which ...
... President Nixon's anticipated request to increase the public debt ceiling . This public hearing must be concluded by the Committee within this day . The Administration has not yet advised the Committee as to the precise in- crease which ...
Page 2
... President , Mr. Shultz and Mr. Ash will not be available this afternoon . We will attempt to run straight through and get all of the question- ing completed . If you would make yourselves available we can run through the lunch hour if ...
... President , Mr. Shultz and Mr. Ash will not be available this afternoon . We will attempt to run straight through and get all of the question- ing completed . If you would make yourselves available we can run through the lunch hour if ...
Page 3
... President's budget and higher interest costs for the debt have forced us to estimate expendi- tures for fiscal 1974 more than $ 1 billion larger than our June projections . Of course , we do not know what possible budget outlays may ...
... President's budget and higher interest costs for the debt have forced us to estimate expendi- tures for fiscal 1974 more than $ 1 billion larger than our June projections . Of course , we do not know what possible budget outlays may ...
Page 10
... President , could easily add $ 5 billion in 1974 spending . These bills and inactions include : A proposed social security benefit increase , $ 1.4 billion . Inaction on proposed savings in HEW and veterans programs , $ 1 billion ...
... President , could easily add $ 5 billion in 1974 spending . These bills and inactions include : A proposed social security benefit increase , $ 1.4 billion . Inaction on proposed savings in HEW and veterans programs , $ 1 billion ...
Page 11
... President has said time and again that it would be a fatal mistake to attempt to balance the budget by adding to domestic programs and then taking that amount out of defense . In constant dollars , the defense budget - which is a price ...
... President has said time and again that it would be a fatal mistake to attempt to balance the budget by adding to domestic programs and then taking that amount out of defense . In constant dollars , the defense budget - which is a price ...
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Common terms and phrases
_do_ $5 billion accounts actuarial Agency securities Agriculture Al Ullman amended amount appropriated ARCHER authority balanced budget benefits BROYHILL budgetary cash Chairman changes claims commitments committee CONABLE CONGRES CONGRESS THE LIBRARY contingency CORMAN Corporation cost debt ceiling bill debt limit Defense deficit Department dollars economic effect expenditures Federal funds Federal Housing Administration Federal Insurance Administration fiscal year 1974 going GRIFFITHS guarantees Housing and Urban increase Insurance Fund interest rates issue July July 27 June 29 June 30 legislation liabilities LIBRARY OF CONGRESS loans Minimum Tax National Note of Administrator November 30 OCTOBER 18 outlays payments percent President proposal public debt securities receipts request Reuss savings bonds schedule SCHNEEBELI Secretary SHULTZ Sept Service social security system spending statement Subtotal surplus tax reform taxpayers temporary Thank tion Total Treasury ULLMAN unified budget VANIK Veterans veto VOLCKER WAGGONNER
Popular passages
Page 22 - In apportioning any appropriation, reserves may be established to provide for contingencies, or to effect savings whenever savings are made possible by or through changes in requirements, greater efficiency of operations, or other developments subsequent to the date on which such appropriation was made available.
Page 24 - 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 59 - We, of course. had a tremendous surge in real output of the economy in the fourth quarter of 1972 and the first quarter of 1973, a surge that exceeded the expectations, I think, of the vast majority of people who were observing this process.
Page 85 - Federal old-age and survivors insurance trust fund, Federal disability Insurance trust fund, highway trust fund, railroad retirement account...
Page 107 - Congress shall have power to lay and collect taxes, duties, imposts and excises, and to pay the debts and provide for the common defence and general welfare of the United States.
Page 44 - Act, 1966, made provision for terminating Interest after June 30, 1964, on the portion of the Corporation's borrowings from the Treasury equal to the unreimbursed realized losses recorded on the books of the Corporation after the end of the fiscal year In which such losses are realized.
Page 86 - Philippine religious organizations which had rendered aid to American personnel. Thus that act constituted a congressional disposition of the German and Japanese assets vested under the Trading With the Enemy Act during World War II. Furthermore, that act, in effect, gave confirmation to the reparation program set forth in the Paris Reparation Agreement by devoting German external assets to the satisfaction of American war claims. The Attorney General has already covered into the Treasury a total...
Page 108 - ... for these purposes by the Department of Agriculture, have revolutionized agriculture in our country; a somewhat similar program of research and experimentation, coupled with a strong emphasis on demonstration of the results, might make a similar improvement in our educational system. Mr. Chairman, I would like to emphasize that the suggestions I have made here would amount only to technical changes in this excellent legislation. I believe the proposed changes are in line with the general purpose...
Page 93 - I think we have to face up to the fact that we are talking about spending money, so we have to be talking about raising the money.
Page 85 - Construction contractors' suits totaling about $10.1 million were pending against local housing authorities. Any payment by the local housing authorities arising from these suits will result in additional project development costs and an increase in the PHA's annual contributions.