Chart 13

GOALS FOR THE U.S. ECONOMY, 1972 & 1980
PROJECTED FROM LEVELS IN 4th Q 1970

The optimum and low economic growth projections are the same for these goals in 1972.

Chart 14

GOALS FOR A FEDERAL BUDGET, 1972 AND 1980, GEARED TO ECONOMIC GROWTH & PRIORITY NEEDS

1972, fiscal year; goals for 1972 and 1980, calendar years

Dollars of purchasing power apparently assumed in President's fiscal 1972 Budget. 2/Administration's Proposed Budget as of Jan. 29, 1971.

Projections by Leon H. Keyserling

Chart 15

TOWARD A FEDERAL BUDGET CONSISTENT WITH MAXIMUM EMPLOYMENT AND THE PRIORITIES OF NATIONAL PUBLIC NEEDS

All Figures in Billions of Fiscal 1972 Dollars

BURDEN OF FEDERAL OUTLAYS IN A
FULLY GROWING ECONOMY WOULD BE
WELL WITHIN OUR MEANS

Chart 16

THE GOALS FOR 1972 AND 1980 MAINTAIN BALANCE OF PUBLIC AND PRIVATE RESPONSIBILITIES

COMPONENTS OF GNP0189

Public outlays are of such high priority that they are projected identically for the lower and
higher GNP goals for 1972, with modifications of other goals accordingly.

7.0

6.0

5.0

4.0

AVERAGE INTEREST RATES ON TOTAL
PUBLIC AND PRIVATE DEBT, 1952–1970'

Calendar Years

COMPUTED AVERAGE INTEREST RATE

Percent

3.0

1952'53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70

PERCENTAGE
INCREASE

UP 110.1

Chart 17

TOTAL PUBLIC AND PRIVATE COST

OF RISING INTEREST RATES, 1953-1970'