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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... Deficit reduction vs. Federal spending Regional impact of peace dividend Retraining programs Eastern Europe .... 146 147 147 148 148 148 149 150 152 153 157 160 161 161 TUESDAY , MARCH 20 , 1990 Develop a plan to address DOD reductions ...
... Deficit reduction vs. Federal spending Regional impact of peace dividend Retraining programs Eastern Europe .... 146 147 147 148 148 148 149 150 152 153 157 160 161 161 TUESDAY , MARCH 20 , 1990 Develop a plan to address DOD reductions ...
Page 1
... deficit , and how should the remainder be allocated ? Equally important questions are , what should the Federal Government do to facilitate economic adjust- ment from defense cutbacks , and when should we do it ? It seems clear to me ...
... deficit , and how should the remainder be allocated ? Equally important questions are , what should the Federal Government do to facilitate economic adjust- ment from defense cutbacks , and when should we do it ? It seems clear to me ...
Page 4
... deficit and faster growth . " Though the details of the DRI model's assumptions were not made clear , the results seem to depend on their assumption about the uses made of the " savings " from lower 1 See graph II , p . 23 . defense ...
... deficit and faster growth . " Though the details of the DRI model's assumptions were not made clear , the results seem to depend on their assumption about the uses made of the " savings " from lower 1 See graph II , p . 23 . defense ...
Page 5
... deficit reduction , with positive consequences for real in- terest rates . In our judgment , the historical evidence of the link between defi- cits and interest rates does not demonstrate that lower deficits lead necessarily to lower ...
... deficit reduction , with positive consequences for real in- terest rates . In our judgment , the historical evidence of the link between defi- cits and interest rates does not demonstrate that lower deficits lead necessarily to lower ...
Page 13
... 5 % in defense spending through 1994 " appear certain to bring an eventual ' peace dividend ' to the U.S. in the form of lower inflation and interest rates , a declining budget deficit and faster growth . " Though the details 13.
... 5 % in defense spending through 1994 " appear certain to bring an eventual ' peace dividend ' to the U.S. in the form of lower inflation and interest rates , a declining budget deficit and faster growth . " Though the details 13.
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Common terms and phrases
$50 billion ADAMS Adjustment Assistance agency areas average baseline benefits billion cut Boeing BRINNER budget deficit capital changes Cheney Scenario civilian Cold War commercial committee companies Congress Congressional Districts contractors cost decline defense budget defense contract defense contractors defense cuts Defense Economic Adjustment defense industry defense spending deficit reduction dollars drug rehabilitation East Germany Eastern Europe effect employees employment Federal Government fense fiscal Frisby funds GANSLER going Grumman impact income increase inflation infrastructure investment Long Island loss macroeconomic major manufacturing Marshall plan ment military budget military contracts military spending national saving national security outlays payments peace dividend Pentagon Tax percent planning prepared statement problem production programs real interest rates Representative HAMILTON Representative SCHEUER retraining SCHULTZE Secretary sector Soviet Union STRASZHEIM subcontractors Table TAX BURDEN transition Warsaw Pact weapon systems
Popular passages
Page 251 - Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 250 - CREATION OF TRUST FUND. - There is established in the Treasury of the United States a trust fund to be known as the 'Deep Seabed Revenue Sharing Trust Fund...
Page 251 - For such purpose such obligations may be acquired (1) on original issue at par, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Fund.
Page 236 - (2) Members of the Committee who are officers or employees of the. Government shall receive no additional pay on account of their service, on the Committee. "(3) While away from their homes or regular places of business in the performance of services for the Committee, members of the Committee shall be allowed travel expenses, including per diem in lieu of subsistence, in the same manner as persons employed...
Page 236 - Commission. (3) While away from their homes or regular places of business in the performance of services for the Commission, members of the Commission shall be allowed travel expenses, including per diem in lieu of subsistence, in the same manner as persons employed intermittently in the Government service are allowed expenses under section 5703 (b) of title 5 of the United States Code.
Page 247 - State will be entitled to receive under this title for each calendar month, reduced or increased, as the case may be, by any sum by which the Secretary finds that his estimates for any prior calendar month...
Page 262 - The sovereign, for example, with all the officers both of justice and war who serve under him, the whole army and navy, are unproductive labourers. They are the servants of the public, and are maintained by a part of the annual produce of the industry of other people.
Page 268 - Competitiveness is the degree to which a nation can, under free and fair market conditions, produce goods and services that meet the test of international markets while simultaneously maintaining or expanding the real incomes of its citizens.
Page 247 - Board, reduced or increased, as the case may be, by any sum by which it finds that its estimate for any prior quarter was greater or less than the amount which should have been paid to the State...
Page 266 - Council") has found convincing evidence that the quality of America's infrastructure is barely adequate to fulfill current requirements, and insufficient to meet the demands of future economic growth and development.