$336 Billion Debt Limit: Hearing, Ninetieth Congress, First Session. February 15, and 16, 1967U.S. Government Printing Office, 1967 - 118 pages |
Autres éditions - Tout afficher
Expressions et termes fréquents
$3 billion 1967 expenditures agencies amended appropriations assets Attorney authorized bill borrowing budgetary capita CHAIRMAN Commodity Credit Corporation Congress construction continue correct cost debentures debt ceiling debt limit Defense Defer Deferral or cutback deficit dollars economy employment estimate Expendi faith and credit Federal debt Federal Reserve Board figure finance fiscal year 1967 full faith fully and unconditionally FY 1967 Budget going grants gross national product House included income interest rates issued January January 19 June 30 legislation Liberty Bond loans Means Committee ment monetary operations opinion participation certificates payments percent President principal and interest projected public debt question Reconstruction Finance Corporation reductions reestimates request revenues SCHULTZE Secretary FOWLER section 21 seigniorage Senator CURTIS Senator HARTKE Senator WILLIAMS September 30 social security statement statutes tax increase tight money tion Treasury trust funds unconditionally guaranteed United Vietnam
Fréquemment cités
Page 63 - The face amount of obligations issued under authority of this Act, and the face amount of obligations guaranteed as to principal and interest by the United States (except such guaranteed obligations as may be held by the Secretary of the Treasury), shall not exceed in the aggregate $285,000,000,000 outstanding at any one time.
Page 75 - Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States...
Page 69 - They shall be paid out of the fund, which shall be primarily liable therefor, and they shall be fully and unconditionally guaranteed as to principal and interest by the United States, and such guaranty shall be expressed on the face of the debentures.
Page 25 - Vietnam and elsewhere to support the larger forces that might be required. Without these data, we could only guess the amount of the additional funds which would be needed for the balance of the fiscal year. Second, many of the decisions which would have been involved in preparing an amendment to the FY 1967 Budget would also have been involved in preparing the FY 1968 Budget, and these decisions could be made with much greater assurance of accuracy later in the year. Indeed, I am convinced that...
Page 63 - ... Treasury debt obligations. Six years later, by the act of April 3, 1945 (59 Stat. 47), Congress brought the borrowings of certain agencies other than the Treasury within the overall debt limitation. It did so by amending section 21, supra, to include "the face amount of obligations guaranteed as to principal and interest by the United States (except such guaranteed obligations as may be held by the Secretary of the Treasury)" The committee reports on this legislation (H.
Page 24 - I pointed out that we had just completed a review of our air ordnance production programs and were reviewing ,our production plans for ground ordnance and aircraft. I concluded by saying : "* * * To the extent that we can finance our operations with the presently requested funds and push the timing of the submission of a supplemental into the future, I think we will be able to come forward with a more precise estimate of our total requirements * * *." With regard to the additional $569 million added...
Page 26 - ... different from those we projected last year — lower as well as higher. Since we can now project our requirements for the conflict in southeast Asia with far greater confidence than last year, we have changed our basic approach in preparing the fiscal year 1967 supplemental as well as the fiscal year 1968 budget.
Page 26 - Accordingly, barring a significant change in the character or scope of the Southeast Asia conflict, or unforeseen emergencies elsewhere in the world, the FY 1967 Supplemental and FY 1968 Budget should be sufficient to cover our requirements until FY 1969 funds become available, even if the conflict continues beyond June 30, 1968.
Page 24 - With regard to the additional $569 million added by the House for active duty military personnel, I pointed out that our military presonnel strength estimates were still fluctuating widely. I suggested that rather than coming forward with one personnel estimate today and a different one tomorrow, and constantly changing our funding requirement, we would be better advised to use the special authority we have in the Appropriation Bill to expend whatever funds are necessary for military personnel. I...
Page 1 - June 30, 1967, the public debt limit set forth in the first sentence of section 21 of the Second Liberty Bond Act (31 USC 757b) shall be temporarily increased to $336,000,000,000.