To Consider an Alternative to Title I of S. 575 as Passed by the House of Representatives: Hearing, Ninety-second Congress, First Session. May 12, 1971U.S. Government Printing Office, 1971 - Всего страниц: 55 |
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accelerated public Acceleration Act additional administration Appalachian Area Relief Act BARRY MEYER believe bill block grants Boeing Co centum Chairman cost criteria decision designated Disaster Area Relief Economic Assistance Program Economic Disaster Area economic emergency assistance economic problems economic recovery effect Emergency Economic Assistance Federal coordinating officer Federal Government funds Governor EVANS hearings HIRSCH House immediate impact individuals January 1971 January JENNINGS RANDOLPH Labor legislation loans major ment mortgage National League payments percent President proposal public assistance public facilities public service employment Public Works Acceleration Public Works Committee public works program public works projects response Saltville seasonally adjusted Seattle area Senator Baker Senator BUCKLEY Senator COOPER Senator Jackson Senator Magnuson Senator MONTOYA Senator MUSKIE Senator Spong Senator TUNNEY specific statement subcommittee substantial unemployment suggested testify testimony Thank tion triggering U.S. SENATOR unem unemployed unemployment rate Washington WASHINGTON Senator workers
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Стр. 47 - be expected. The only parts of the economy that are expanding rapidly, now, are homebuilding and the activities of state and local governments, which naturally respond to the improved availability of credit at lower interest rates. However, the combined advance of these two parts of the economy is far from enough to carry forward a
Стр. 50 - CITIES AND THE US CONFERENCE OF MAYORS The National League of Cities and the US Conference of Mayors support
Стр. 48 - project in this proposal. Every project helped by this program would add to the nation's wealth. There are rapidly multiplying needs for every kind of public investment. There are thousands of planned projects that are ready to go, as soon as funds become available—particularly at this time, after nearly
Стр. 47 - decline in the real volume of business investment, after accounting for increased prices. The expected large increase of consumer spending, which accounts for nearly two-thirds of total national production, has not materialized since most families have found their buying power declining. Until employment, workers' buying power and consumer confidence turn up, no major boost of consumer spending
Стр. 48 - years of federal efforts to hold down public investment outlays. The present backlog of such projects is huge. It is our understanding that there were at the end of 1970, about 3,000 applications for federal approval for waste treatment plants, 800 applications for water and sewer projects, 1,900 applications for
Стр. 47 - blackbox' approach—after fixing budget expenditures at full employment revenues, all we have to do is pour enough money supply in one end of the box and somehow—in some form—enough additional GNP comes out the other end." Mr. Chairman, I believe that a growing supply of money and credit, at reasonable interest rates, is essential. But equally essential are
Стр. 46 - and recreational facilities and public buildings. We suggest a provision to include federal agency projects in the bill. It would create jobs on the construction sites in areas of high unemployment and in the production and distribution of building materials throughout the country. It would create additional jobs, as the newly-hired workers spend their earnings. It would provide the entire national