Administration Proposal to Increase Public Debt Ceiling: Hearings, Ninety-third Congress, First Session ... October 18, 1973 |
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Page 4
... contingencies . The peak monthend figure is $ 478 billion . I would note that the monthend indebtedness is sometimes exceeded within a month , making the $ 480 billion request appropriate . Such a debt limit will , in fact , provide a ...
... contingencies . The peak monthend figure is $ 478 billion . I would note that the monthend indebtedness is sometimes exceeded within a month , making the $ 480 billion request appropriate . Such a debt limit will , in fact , provide a ...
Page 5
... contingencies 1973 ( actual ) : June 30 . July 31 Aug. 31 . Sept. 30 1973 ( estimated ) : Oct. 31 . Nov. 30 Dec. 31 12.6 459.1 7.2 460.0 3. 1 462.8 8.3 462.4 6.0 465 6.0 467 6.0 467 1974 : Jan. 31 Feb. 28 6.0 467 470 6.0 471 474 Mar. 31 ...
... contingencies 1973 ( actual ) : June 30 . July 31 Aug. 31 . Sept. 30 1973 ( estimated ) : Oct. 31 . Nov. 30 Dec. 31 12.6 459.1 7.2 460.0 3. 1 462.8 8.3 462.4 6.0 465 6.0 467 6.0 467 1974 : Jan. 31 Feb. 28 6.0 467 470 6.0 471 474 Mar. 31 ...
Page 8
... CONTINGENCIES TO UNIFIED BUDGET OUTLAYS [ Dollar amounts in billions ] $ 3,000,000,000 contingency margin as percent of Cash balance in debt limit Estimated cash balance plus margin for con- tingencies Estimated cash balance and contingency ...
... CONTINGENCIES TO UNIFIED BUDGET OUTLAYS [ Dollar amounts in billions ] $ 3,000,000,000 contingency margin as percent of Cash balance in debt limit Estimated cash balance plus margin for con- tingencies Estimated cash balance and contingency ...
Page 13
... contingency amount . That would make the maxmum $ 478 billion . What are you asking for , Mr. Secretary , in the way ... contingencies is actually looking smaller and smaller as these numbers mount . 23-030-73-2 Mr. ULLMAN . Although ...
... contingency amount . That would make the maxmum $ 478 billion . What are you asking for , Mr. Secretary , in the way ... contingencies is actually looking smaller and smaller as these numbers mount . 23-030-73-2 Mr. ULLMAN . Although ...
Page 18
... contingencies and a cash balance of $ 6 billion , you will need another $ 10 billion on top of that ? Secretary SHULTZ . That is as described by the table ; that is right . Mr. BURKE . You feel you will be in something of a straitjacket ...
... contingencies and a cash balance of $ 6 billion , you will need another $ 10 billion on top of that ? Secretary SHULTZ . That is as described by the table ; that is right . Mr. BURKE . You feel you will be in something of a straitjacket ...
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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.