Economic And Budget Outlook Fiscal Years 1995 Through 1999 Hearing Before Th
Economic And Budget Outlook Fiscal Years 1995 Through 1999 Hearing Before Th
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To quickly assess the difficulty of the text, read a short excerpt:
Mr. Price.
Mr. Price. Thank you, Mr. Chairman.
Dr. Reischauer, I would like to go back briefly to the ranking member's opening statement which underscored the obvious fact that as long as we are running any deficit at all, we are going to be adding to the national debt. I wonder if you could clarify for us, had the ranking member's budget plan been adopted, would we have added more or less to the national debt than we are under the plan that was in fact adopted?
Dr. Reischauer. I don't have the... answer to that question. I can provide it for the record, if you would like.
Mr. Price. The estimates, as I recall, that were made at the time, was that the ranking member's plan would have actually had $70 billion less in deficit reduction than the plan that was adopted, which would imply that much more would have been added to the national debt. If you could furnish an updated estimate of that for the record, I think that would be useful.
[The information follows:] The Congressional Budget Office estimated that enactment of the amendment to H.
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To quickly assess the difficulty of the text, read a short excerpt:
Mr. Price.
Mr. Price. Thank you, Mr. Chairman.
Dr. Reischauer, I would like to go back briefly to the ranking member's opening statement which underscored the obvious fact that as long as we are running any deficit at all, we are going to be adding to the national debt. I wonder if you could clarify for us, had the ranking member's budget plan been adopted, would we have added more or less to the national debt than we are under the plan that was in fact adopted?
Dr. Reischauer. I don't have the... answer to that question. I can provide it for the record, if you would like.
Mr. Price. The estimates, as I recall, that were made at the time, was that the ranking member's plan would have actually had $70 billion less in deficit reduction than the plan that was adopted, which would imply that much more would have been added to the national debt. If you could furnish an updated estimate of that for the record, I think that would be useful.
[The information follows:] The Congressional Budget Office estimated that enactment of the amendment to H.
What to read after Economic And Budget Outlook Fiscal Years 1995 Through 1999 Hearing Before Th?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On the B to read onlineMoreLess
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