Economic Impact of Spending Reductions: Hearing Before the Committee on Finance, United States Senate, Ninety-eighth Congress, Second Session, January 2, 1985
U.S. Government Printing Office, 1985 - Budget deficits - 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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adjusted assumed average Bob Packwood bond bracket creep 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 financial markets fiscal future deficits going government spending Greenspan grow IMPACT OF SPENDING income tax inflation inflow of foreign infrastructure investor labor legislation Medicare ment nominal interest rate Paul Craig Roberts payroll tax percent of GNP present value price of capital problem 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 Pryor Senator Wallop share of GNP Social Security spending cuts spending freeze spending reductions statement substantial tax increases tax rate U.S. dollar U.S. Treasury U.S. Treasury Department