The Federal Budget for 1978: Hearings Before the Committee on Appropriations, House of Representatives, Ninety-fifth Congress, First Session

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U.S. Government Printing Office, 1977 - 322 lappuses

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23. lappuse - We used to think that you could spend your way out of a recession, and increase employment by cutting taxes and boosting Government spending. I tell you in all candour that that option no longer exists...
23. lappuse - I tell you, in all candour, that that option no longer exists, and that insofar as it ever did exist, it only worked by injecting bigger doses of inflation into the economy followed by higher levels of unemployment as the next step. That is the history of the past 20 years" (speech to Labour Party Conference, 28 September 1976).
7. lappuse - Thank you, Mr. Chairman. I have a statement which I would like to submit for the record. Senator SPARKMAN.
11. lappuse - ... make plants inefficient or, worse, force them to close? Could future changes in environmental, safety and other regulations render today's investments obsolete tomorrow? These are specific issues that bother business planners. There is also a more general worry. The recession of 1974-75 did more than reduce business sales and profits. It shook the confidence of the business community in the ability of our Government to maintain a reasonably stable economic and financial environment that will...
95. lappuse - Mr. BURLISON. Thank you, Mr. Chairman. I would like to join my colleagues in welcoming...
7. lappuse - States rose only one-half of 1 percent, compared with an almost 3 percent increase for the nation as a whole. In large measure the weakness of durable goods output since the spring of 1975 reflects a shortfall of business spending for new plant and equipment. During earlier postwar business cycles, business fixed capital outlays — in real terms — usually surpassed their previous peak during the first year of recovery. But in the last quarter of...
12. lappuse - As is the case with any economic policy, there are uncertainties in the outlook that could make a stimulative policy too weak or, conversely, too large. This package has been designed to tread prudently between the twin risks of over and under-stimulation.
7. lappuse - CHARLES L. SCHULTZE, CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS Mr. Chairman and members of the committee, I am very pleased to join you today to discuss the President's 1978 budget and the proposals for economic stimulus that it incorporates. We believe...
51. lappuse - The gentleman from Georgia, Mr. Flynt. Mr. FLYNT. Thank you, Mr. Chairman. Mr.

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