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Mid-Session Review of the Economic and Budget Outlook: Hearing Before the Committee on the Budget, House of Representatives, One Hundred Third Congress, First Session, Hearing Held in Washington, DC, September 14, 1993 (Classic Reprint)

Mid-Session Review of the Economic and Budget Outlook: Hearing Before the Committee on the Budget, House of Representatives, One Hundred Third Congress, First Session, Hearing Held in Washington, DC, September 14, 1993 (Classic Reprint) in Bloomington, MN
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Excerpt from Mid-Session Review of the Economic and Budget Outlook: Hearing Before the Committee on the Budget, House of Representatives, One Hundred Third Congress, First Session, Hearing Held in Washington, DC, September 14, 1993
I must emphasize, however, that the enactment of the economic program was only the first step in getting the deficit under control.
Under the economic plan, most components of the spending side of the budget will merely keep pace with the growth of the economy, and discretionary spending will be frozen in dollar terms over 5 ears. However, Federal spending for the health care programs - medicare and me 'caid-is projected to grow at a rate of more than 10 percent ger year. Those programs grow so fast and have already become so large that the de cit cannot be contained without systemic reform of our health care sys tem. The Administration will announce such an initiative later this month.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
I must emphasize, however, that the enactment of the economic program was only the first step in getting the deficit under control.
Under the economic plan, most components of the spending side of the budget will merely keep pace with the growth of the economy, and discretionary spending will be frozen in dollar terms over 5 ears. However, Federal spending for the health care programs - medicare and me 'caid-is projected to grow at a rate of more than 10 percent ger year. Those programs grow so fast and have already become so large that the de cit cannot be contained without systemic reform of our health care sys tem. The Administration will announce such an initiative later this month.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.