Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1967 |
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Page 11
... Chairman PROXMIRE . Wait a minute . I am talking about fiscal 1967 . Mr. ACKLEY . Yes . Chairman PROXMIRE . July 1 , 1966 to July 1 , 1967 . Mr. ACKLEY . Yes , and I am talking about calendar 1966 , which is the period to which your ...
... Chairman PROXMIRE . Wait a minute . I am talking about fiscal 1967 . Mr. ACKLEY . Yes . Chairman PROXMIRE . July 1 , 1966 to July 1 , 1967 . Mr. ACKLEY . Yes , and I am talking about calendar 1966 , which is the period to which your ...
Page 12
... Chairman PROXMIRE . On March 23 , the Secretary of the Treasury said flatly he stood by the $ 10 billion estimate ... Chairman , I think the record shows that the President and the Council of Economic Advisers , and the Secretary of ...
... Chairman PROXMIRE . On March 23 , the Secretary of the Treasury said flatly he stood by the $ 10 billion estimate ... Chairman , I think the record shows that the President and the Council of Economic Advisers , and the Secretary of ...
Page 13
... Chairman PROXMIRE . Yes , indeed . Mr. ACKLEY . The difference between the original estimate and what now appears to be the total of such expenditures in fiscal 1967 has two parts . It has one part which reflects the fact that the ...
... Chairman PROXMIRE . Yes , indeed . Mr. ACKLEY . The difference between the original estimate and what now appears to be the total of such expenditures in fiscal 1967 has two parts . It has one part which reflects the fact that the ...
Page 78
... President . Chairman PROXMIRE . So , you work with him in determining that the cost of the Vietnam war will be $ 10 billion . Mr. SCHULTZE . We work with him in determining- Chairman PROXMIRE . It was a joint error , so to speak . Mr ...
... President . Chairman PROXMIRE . So , you work with him in determining that the cost of the Vietnam war will be $ 10 billion . Mr. SCHULTZE . We work with him in determining- Chairman PROXMIRE . It was a joint error , so to speak . Mr ...
Page 79
... Chairman PROXMIRE . It was just plain wrong . He was off 100 percent . He said $ 10 billion and it was $ 20 billion . He never cor- rected it . All this talk about how it is more efficient to make an estimate , based on an assumption ...
... Chairman PROXMIRE . It was just plain wrong . He was off 100 percent . He said $ 10 billion and it was $ 20 billion . He never cor- rected it . All this talk about how it is more efficient to make an estimate , based on an assumption ...
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Common terms and phrases
ACKLEY balance of payments benefits billion capital Chairman PROXMIRE changes COHEN Congress Consumer Price Index corporations cost Council of Economic defense deficit demand dollar Economic Advisers Economic Report effect estimates expansion expenditures fact Federal Reserve figure financing fiscal policy full employment going GOLDFINGER Government gross national product growth guideposts impact incomes policy industry inflation inflationary interest rates investment Joint Economic Committee labor MARTIN ment monetary policy money supply national income percent period present President President's pressures price increases problem profits programs proposed quarter question recession reduce Representative BROCK Representative CURTIS Representative GRIFFITHS Representative REUSS Representative RUMSFELD Representative WIDNALL restraint revenues rise SCHULTZE Secretary FOWLER Secretary WIRTZ sector Senator JAVITS Senator MILLER Senator SYMINGTON situation social security spending stability statement tax increase tion TROWBRIDGE unemployment unemployment rate Vietnam wage workers