Report of the National Economic Commission

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The Commission, 1989 - Всего страниц: 64

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Стр. 33 - To justify and preserve their confidence to promote the increasing respectability of the American name; to answer the calls of justice; to restore landed property to its due value; to furnish new resources, both to agriculture and commerce; to cement more closely the union of the States; to add to their security against foreign attack; to establish public order on the basis of an upright and liberal policy — These are the great and invaluable ends to be secured by a proper and adequate provision,...
Стр. 33 - To justify and preserve the confidence of the most enlightened friends of good government; to promote the increasing respectability of the American name; to answer the calls of justice; to restore landed property to its due value; to furnish new resources both to agriculture and commerce; to cement more closely the union of the states; to add to their security against foreign attacks ; to establish public order on the basis of an upright and liberal policy; — these are the great and invaluable...
Стр. 35 - States as ex-officio members, three members of the Senate, three members of the House of Representatives, and six citizens, two of whom shall be resident in the City of Washington and the other four shall be inhabitants of some state, but no two of them of the same state.
Стр. 3 - The President The White House Washington, DC 20500 Dear Mr. President...
Стр. 54 - ... 1983. Government deficits, however, place pressure on resources and credit markets, only If they are not offset by saving elsewhere in the economy. If the pool of private saving Is small, federal deficits and private investment will be in keen competition for funds, and private Investment will lose. The United States deficits of recent years are threatening precisely because they have been occurring in the context of private saving that is low by both historical and international standards.
Стр. 61 - Our examinations were made in accordance with generally accepted government auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures, including tests of compliance with laws and regulations, as we considered necessary in the circumstances.
Стр. 62 - Commissioners, three are appointed by the President and two by the Mayor of the District of Columbia. The Secretaries of Defense and Interior, Administrator of the General Services Administration, Mayor of the District of Columbia, Chairman of the DC City Council, Chairman of the Senate Committee on Governmental Affairs, and the Chairman of the House Committee on the District of Columbia are ex officio members of the Commission.
Стр. 45 - ... proposition. But it didn't happen that way. At the time, the prospect of needing well over $100 billion in domestic spending cuts to keep the Republican budget in equilibrium appeared more as an opportunity than as a roadblock. Once Governor Reagan got an electoral mandate for Kemp-Roth and 10-5-3, then we would have the Second Republic's craven politicians pinned to the wall. They would have to dismantle its bloated, wasteful, and unjust spending enterprises — or risk national ruin.
Стр. 45 - ... in both my comprehension of budget estimating and the true fiscal math of the supplyside program occurred almost overnight. That should have been cause for second thoughts and reassessment of the whole proposition. But it didn't happen that way. At the time, the prospect of needing well over $100 billion in domestic spending cuts to keep the Republican budget in equilibrium appeared more as an opportunity than as a roadblock.
Стр. 55 - ... SOCIAL SECURITY: The Trust Fund Reserve Accumulation, the Economy, and the Federal Budget, the General Accounting Office said: In the short run, we must bring down the total deficit. We cannot afford the depression of future economic growth that will result if we continue to channel scarce resources into the financing of large budget deficits. In the longer term, however, lowering the total deficit is not enough. In this context, the social security trust fund surpluses present a special opportunity...

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