Deficit Reduction, Can We Cut Spending Too Much

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Excerpt from Deficit Reduction, Can We Cut Spending Too Much: Hearing Before the Joint Economic Committee, Congress of the United States, One Hundred Third Congress, Second Session, May 26, 1994In other parts of the world, countries are importing capital. We need more investment and in the long term we are going to have to generate more internal savings to finance those investments. The most reliable way to increase national savings is to reduce the budget deficit.In my opinion, it should be a very, very high priority. How would I go about it?About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.