Reducing the Public Debt: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Eighty-sixth Congress, Second Session, on H. R. 1337 [and Other] Bills to Amend the Budget and Accounting Act, 1921, to Provide for Reduction of the Public DebtU.S. Government Printing Office, 1960 - 59 pages Considers H.R. 1337 and related bills, to amend Budget and Accounting Act to make mandatory, except in time of war, two yearly reductions in national debt. |
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Page 1
... Present : Representatives William L. Dawson , Dante B. Fascell , and Neal Smith . Also present : Elmer W. Henderson , counsel ; Phineas Indritz , counsel ; and Lawrence Redmond , clerk . Chairman DAWSON . We will proceed now to the ...
... Present : Representatives William L. Dawson , Dante B. Fascell , and Neal Smith . Also present : Elmer W. Henderson , counsel ; Phineas Indritz , counsel ; and Lawrence Redmond , clerk . Chairman DAWSON . We will proceed now to the ...
Page 3
... presents a reasonable method of paying off the tre- mendous debt we have accumulated . I hope that this committee and the Congress , if the committee sees fit to pass this bill out , will support this plan and bring about the above ...
... presents a reasonable method of paying off the tre- mendous debt we have accumulated . I hope that this committee and the Congress , if the committee sees fit to pass this bill out , will support this plan and bring about the above ...
Page 5
... present occupant of the White House in 1952 when he was running for that office , he told the American people , according to the newspapers : If you elect me President of the United States , within 4 years I will reduce the expenditures ...
... present occupant of the White House in 1952 when he was running for that office , he told the American people , according to the newspapers : If you elect me President of the United States , within 4 years I will reduce the expenditures ...
Page 6
... present time as a time of high prosperity ? Mr. HALEY . I might say , Mr. Chairman , you and I may not think so , but I have heard much of the fact that we are living in the time of unprecedented prosperity . I have heard that , and I ...
... present time as a time of high prosperity ? Mr. HALEY . I might say , Mr. Chairman , you and I may not think so , but I have heard much of the fact that we are living in the time of unprecedented prosperity . I have heard that , and I ...
Page 7
... present administration has talked a great deal about reduction of the public debt , the administration has not done anything about a reduction . Moreover , the reports from the Executive Office of the President , the Office of the ...
... present administration has talked a great deal about reduction of the public debt , the administration has not done anything about a reduction . Moreover , the reports from the Executive Office of the President , the Office of the ...
Common terms and phrases
$283 billion debt 85th Congresses Accounting Act administration American appropriation billion in interest borrow Budget and Accounting budget receipts budget submitted Chairman DAWSON cheaper to pay Clare Hoffman completely retire Congressman Jim Wright Congressman Wright cost debt by paying debt payment debt retirement DEVINE dollar economic ernment estimated expenditures fact FASCELL Federal debt Federal Government Fort Worth Star-Telegram Frank Ikard go along exactly GUBSER HALEY income increase inflation interest and $283 interest rates legislation line-item veto loans obligations owe the debt pay the interest paying $495 billion present national debt President public debt reduce the debt reduce the national Representative James Representative Jim Wright Representative Wright require retire the debt revenue spending statement taxes taxpayers Texas Democrat thing Thomas Pelly tion told the House total amount U.S. Representative Uncle Sam Wichita Falls World World War II Wright and Ikard Wright's proposal
Popular passages
Page 2 - Be it enacted by the Senate and Souse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Arms Control and Disarmament Act Amendments in 1975".
Page 24 - STATEMENT OF HON. JIM WRIGHT, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS Mr.
Page 3 - Be it enacted by the Senate and House of Representatives of the Vnited States of America in Congress assembled, That this Act may be cited as the Bank Holding Company Act of 1947.
Page 14 - Congress enacted legislation which in part made an appropriation for 1 percent of the entire debt to be set apart as a sinking fund for the payment of the national debt.
Page 57 - The payment of the principal of a debt tends neither to impoverish a nation nor to retard its material development ; but, on the other hand, the maintenance of the principal and the constant payment of accruing interest tend to cripple the productive capacity of any people.
Page 1 - ... ensuing fiscal year" in paragraph (6) "and projections for the four fiscal years immediately following the ensuing fiscal year".
Page 18 - STATEMENT OF HON. ROBERT W. HEMPHILL, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF SOUTH CAROLINA Mr. HEMPHILL. Mr. Chairman, and members of the committee...
Page 4 - ... present high price of fuel has caused them to make a more careful investigation of their pumping costs, with the result that in practically every case it has been found that the saving to be made in one year of operation with electric power will be sufficient to pay for the cost of a new installation. It is estimated that by the end of the next fiscal year the total connected pumping load will be approximately 450 horsepower, which, together with the lighting and power load in the towns where...
Page 58 - ... us, and poor enough to put us on guard. During the 154 years from 1792 through 1945 we have had ninety-three years of net surplus in our national budget and sixty-one years of net deficit. 8. Throughout our history the greatest obstacles to national financial strength, and the most acute dangers of fiscal collapse, have never been the results of inadequate or failing resources, but always consequences of weak financial policies. Increasing national wealth has always enabled us to pay down the...