Federal and state roles in economic stabilization: hearings before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-eighth Congress, second session, November 29, and December 12, 1984, Volume 4
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accounts Administration appropriate areas average billion Blumenfeld borrowing Budget Stabilization Fund business cycle capital spending Chairman changes cities contributions countercyclical aid countercyclical program creased cycle cyclical decline deficit dollars economic downturn economic stabilization fund effective ernment estimates expenditures fact federal aid Federal countercyclical Federal Government finance fiscal assistance fiscal condition fiscal position formula fund balance growth impact income tax indicated inflation infrastructure Intergovernmental Relations jurisdictions legislative legislature Levin local governments major matching ment Michigan national accounts National League nomic operating outlays pay-ins payments percent period personal income prepared statement problems projects property tax Rafuse rainy day funds receipts recession recovery reduce response revenue sharing role sales taxes sector state-local State's structure subcommittee tax increases tax revolt Ted Weiss testimony Thank tion Treasury model trigger unem unemployment rate value-added tax Vaughan Weiss