Economic Outlook-- Fiscal Policy and the Dollar: Hearing Before the Committee on the Budget, House of Representatives, One Hundredth Congress, Second Session, March 2, 1988 |
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achieve Administration American average balanced budget amendment BERGSTEN billion BOXER budget deficit capital CATON cause Chairman Committee Congress Congressional Budget Office consumer spending consumption current account deficit debt decline defense spending deficit reduction dollar domestic demand economic assumptions exchange rate expected exports fall federal budget Federal Reserve federal spending financing fiscal policy forecast foreign central banks Fred Bergsten goal going government spending happen higher inflation imbalance improvement increase International Economics Interstate Bancorp issue JORDAN MACKAY monetary policy nondefense discretionary spending numbers outlays outlook output percent of GNP percentage points political President private investment problem programs Reagan real GNP recession in 1988 reduce revenue Roger E savings sector share of GNP standard national income stock market crash SUNDQUIST Sword of Damocles target Thank things tion trade balance trade deficit trying U.S. dollar U.S. economy United WOLPE