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y 4. Ec7: Wia/3

S. HRG. 101-1215

ECONOMIC ADJUSTMENT AFTER THE COLD WAR

HEARINGS

BEFORE THE

JOINT ECONOMIC COMMITTEE
CONGRESS OF THE UNITED STATES

ONE HUNDRED FIRST CONGRESS

FIRST AND SECOND SESSIONS

DECEMBER 12 AND 19, 1989, AND MARCH 20, 1990

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U.S. GOVERNMENT PRINTING OFFICE

35-140

WASHINGTON : 1990

For sale by the Superintendent of Documents, Congressional Sales Office

U.S. Government Printing Office, Washington, DC 20402

JOINT ECONOMIC COMMITTEE

(Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.) HOUSE OF REPRESENTATIVES

SENATE LEE H. HAMILTON, Indiana,

PAUL S. SARBANES, Maryland, Chairman

Vice Chairman AUGUSTUS F. HAWKINS, California

LLOYD BENTSEN, Texas DAVID R. OBEY, Wisconsin

EDWARD M. KENNEDY, Massachusetts JAMES H. SCHEUER, New York

JEFF BINGAMAN, New Mexico FORTNEY PETE STARK, California

ALBERT GORE, JR., Tennessee STEPHEN J. SOLARZ, New York

RICHARD H. BRYAN, Nevada CHALMERS P. WYLIE, Ohio

WILLIAM V. ROTH, JR., Delaware OLYMPIA J. SNOWE, Maine

STEVE SYMMS, Idaho HAMILTON FISH, JR., New York

PETE WILSON, California
FREDERICK S. UPTON, Michigan

CONNIE MACK, Florida
JOSEPH J. MINARIK, Executive Director
RICHARD F KAUFMAN, General Counsel

STEPHEN QUICK, Chief Economist
DAVID R. MALPASS, Minority Staff Director

(II)

CONTENTS

Page

192

291

12
33

TUESDAY, DECEMBER 12, 1989
Adams, Gordon: Prepared statement.
Lee, L. Douglas: Prepared statement.

TUESDAY, DECEMBER 19, 1989
Brinner, Roger E.: Prepared statement.....
Schultze, Charles L.: Prepared statement.
Straszheim, Donald H.: Prepared statement

74
00
00

of Maryland, and 11 other Governors, regarding cuts in defense spending,

together with an attachment entitled “Strategy for Dealing With Defense

Cut-Backs"

Marlin, John Tepper: Prepared statement

165

180

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