Economic effects of long-term Federal obligations: hearing before the Committee on the Budget, House of Representatives, One Hundred Eighth Congress, first session, hearing held in Washington, DC, July 24, 2003
U.S. G.P.O., 2003 - Business & Economics - 50 pages
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$1 trillion activities appropriate billion borrowing budget deﬁcits budgetary burden cash ﬂows Chairman NUSSLE chart commitment committee Congress CONGRESSIONAL BUDGET OFFICE credit reform DIAZ-BALART discretionary spending dynamic scoring economic cost economic growth effects entitlement programs estimates Federal budget Federal government Federal spending ﬁnanced ﬁnd ﬁrm ﬁrst ﬁscal gap ﬁve focusing future GALE going government spending Gregory Mankiw hearing HENSARLING HOLTZ-EAKIN impact income increase interest rates issues JIM NUSSLE kind long run long-term ﬁscal look MAJETTE Medicaid Medicare prescription drug Michael Boskin national debt nomic numbers obligations outlays PAYGO PBGC percent of GDP percentage prescription drug beneﬁt present value private sector problem projections question real ﬁscal danger reduce reﬂect revenues SCHROCK SCOTT Security and Medicare SHAYS signiﬁcant signiﬁcantly Social Security speciﬁc SPRATT talk tax cuts taxpayers testimony Thank things tion today’s trillion dollars trust fund