Economic impact of spending reductions: hearing before the Committee on Finance, United States Senate, Ninety-eighth Congress, second session, January 2, 1985
U.S. G.P.O., 1985 - Business & Economics - 127 pages
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Press release announcing hearing
Letter to Roderick A DeArment from Peter F McCloskey president Elec
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$25 billion assumed average Bob Packwood budget deficit Chairman Congress cost of capital crowding debt service decline defense deficit reduction depreciation dollar domestic investment economic growth economic impact effect of deficit entitlement programs exports Federal deficit Federal Reserve Federal spending Feldstein Finance Committee fiscal going government spending Greenspan gross national product grow Impact of Spending income tax inflation inflow of foreign infrastructure investor labor legislation long-term interest rates Medicare ment nominal interest rate Paul Craig Roberts payroll tax percent of GNP price of capital problem productive rate of return real after-tax real interest rates recession recovery reduce the deficit return to capital rise Roberts Schultze sector Senator Baucus Senator Moynihan Senator Packwood Senator Wallop share of GNP Social Security spending cuts spending freeze spending reductions statement substantial tax increases tax rate taxation term U.S. dollar U.S. Treasury U.S. Treasury Department