CONTENTS

ADMINISTRATION WITNESSES

Penner, Dr. Rudolph, Director, Congressional Budget Office

PUBLIC WITNESSES

AFL-CIO, Arnold Cantor, assistant director, Department of Research.

Albertine, Dr. John M., president, American Business Conference..

American Business Conference, Dr. John M. Albertine, president..

American Enterprise Institute, Dr. Herbert Stein, senior fellow..

Bergsten, Dr. Fred, director, Institute for International Economics

Boschwitz, Hon. Rudy, a U.S. Senator from Minnesota..

Brookings Institution, Dr. Alice Rivlin, director, economic studies program

Butler, Dr. Stuart, director of domestic policy studies, the Heritage Founda-

tion.

Cantor, Arnold, assistant director, Department of Research AFL-CIO..

Carlson, Dr. Jack, executive vice president and chief economist, National

Association of Realtors.......

Page

8

473

278

278

153

175

6

136

192

473

257

Committee for a Responsible Federal Budget, Carol Cox, president.

Cox, Carol, president, Committee for a Responsible Federal Budget

Friedman, Dr. Benjamin M., professor of economics, Harvard University

Heritage Foundation, Dr. Stuart Butler, director of domestic policy studies.

Hutton, William R., executive director, National Council of Senior Citizens..

Institute for International Economics, Dr. Fred Bergsten, director

Jasinowski, Jerry, executive vice president and chief economist, National

Association of Manufacturers......

217

217

54

192

483

175

293

Keating, David, executive vice president, National Taxpayers Union....
Klein, Dr. Lawrence, professor of economics and finance, University of Penn-
sylvania.

497

90

Lehman Brothers Kuhn Loeb, Inc., Dr. Allen Sinai, chief economist.
Meltzer, Dr. Allan, professor of political economy and public policy, Graduate
School of Industrial Administration, Carnegie-Mellon University.....

Meyer, Dr. Laurence H., president, Laurence H. Meyer & Associates, Ltd.

Mortgage Bankers Association, Dr. Mark Riedy, executive vice president.

National Association of Home Builders, Harry Pryde, president

National Association of Manufacturers, Jerry Jasinowski, executive vice

president and chief economist

405

98

453

377

349

293

National Association of Realtors, Dr. Jack Carlson, executive vice president.....

National Council of Senior Citizens, William R. Hutton, executive director..

National Taxpayers Union, David Keating, executive vice president...

Palmer, Dr. John, senior fellow, the Urban Institute......

Pryde, Harry, president, National Association of Home Builders

257

483

497

212

349

Rahn, Dr. Richard, chief economist, U.S. Chamber of Commerce...

334

Reidy, Dr. Mark, executive vice president, Mortgage Bankers Association

Rivlin, Dr. Alice, director, economic studies program, the Brookings Institu-

tion.

377

136

Sinai, Dr. Allen, chief economist, Lehman Bros., Kuhn Loeb, Inc.

Stein, Dr. Herbert, senior fellow, American Enterprise Institute..

Straszheim, Dr. Donald, vice president, Wharton Econometrics.

U.S. Chamber of Commerce, Dr. Richard Rahn, chief economist.

Urban Institute, Dr. John Palmer, senior fellow...

405

153

433

334

00

Weidenbaum, Dr. Murray, director, Center for the Study of American Busi-

ness, Washington University

Wharton Econometrics, Dr. Donald Straszheim, vice president..