DAVID OBEY, Wisconsin
AL SWIFT, Washington
SAM GEJDENSON, Connecticut
JOHN M. SPRATT, JR., South Carolina
ELEANOR HOLMES NORTON, D.C.

ROBERT S. WALKER, Pennsylvania
GERALD B.H. SOLOMON, New York
BILL EMERSON, Missouri
WAYNE ALLARD, Colorado
JENNIFER DUNN, Washington

RICHARD A. GEPHARDT, Missouri, Ex Officio
ROBERT H. MICHEL, Illinois, Ex Officio

CONTENTS

MARCH 4, 1993

OPENING STATEMENTS

Hon. Lee H. Hamilton, a U.S. Representative from the State of Indiana..

Hon. Ted Stevens, a U.S. Senator from the State of Alaska.......

WITNESS

Dr. Robert D. Reischauer, Director, Congressional Budget Office

Prepared statement

APPENDIX

Written Questions:

Response to question from Chairman Hamilton.....

62

Response to questions from Vice Chairman Dreier and Representative Em-

erson.....

64

(III)