Administration Proposal to Increase Public Debt Ceiling: Hearings, Ninety-third Congress, First Session ... October 18, 1973 |
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Page 4
... savings bonds . Currently , the rate , under interpretation of the present statute , is limited to 52 percent . Events of the past 4 months indicate the rate should now be raised . I believe experience also shows the potential value of ...
... savings bonds . Currently , the rate , under interpretation of the present statute , is limited to 52 percent . Events of the past 4 months indicate the rate should now be raised . I believe experience also shows the potential value of ...
Page 5
... savings , both up and down . Once again , we are faced with a situation in which savings bonds rates may seriously lag other savings rates . Redemptions have begun to exceed new sales . Without a fair rate , this experience will ...
... savings , both up and down . Once again , we are faced with a situation in which savings bonds rates may seriously lag other savings rates . Redemptions have begun to exceed new sales . Without a fair rate , this experience will ...
Page 7
... savings___ Advance of Federal pay raise_ . Social security and medicaid benefits_ Other completed actions___ Subtotal , completed congressional actions --- Other changes : Interest paid on the debt__ Interest received and other offsets ...
... savings___ Advance of Federal pay raise_ . Social security and medicaid benefits_ Other completed actions___ Subtotal , completed congressional actions --- Other changes : Interest paid on the debt__ Interest received and other offsets ...
Page 10
... savings proposed by the 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 ...
... savings proposed by the 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 ...
Page 22
... savings in agricultural subsidies . I didn't see those fully reflected . I understand that they are practically down to a minimum . I would like to see where that reflects itself on the black - ink side of the ledger . Mr. Ash . As to ...
... savings in agricultural subsidies . I didn't see those fully reflected . I understand that they are practically down to a minimum . I would like to see where that reflects itself on the black - ink side of the ledger . Mr. Ash . As to ...
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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.