Economic Outlook in Relation to Fiscal and Monetary Policy: Hearing Before the Committee on the Budget, House of Representatives, One Hundredth Congress, Second Session, March 3, 1988, Volume 4
U.S. Government Printing Office, 1988 - Budget - 33 pages
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$15 billion actions Administration ALAN GREENSPAN argue ARMEY asset sales balance BOXER budget deficit budgetary capital gains Chairman choices Congress Congressional Budget Office consumption consumption taxes credit demands cuts defense deficit reduction dollars domestic saving economic assumptions effect entitlement programs expenditure side face Federal Open Market Federal spending financial markets fiscal policy fiscal year 1987 forecast foreign exchange markets Fred Bergsten fundamental funds gasoline tax going Government GRADISON Gramm-Rudman-Hollings GREENSPAN growth GUARINI higher HOUGHTON House Budget Committee income increase inflation interest payments interest rates judgment long run long-term look lower macroeconomic ment monetary policy nomic OBERSTAR Open Market Committee outlays overall percent of GNP political pressure private saving private sector question raise range real GNP reason recession reduce the deficit revenues shifting sizable SLATTERY Social Security spending side stimulate Summit Agreement talk tax side testimony Texas Thank tion trend unem