Is it not true that if the economic growth is 1 percent over the projected growth rate of 2.1 percent over the next 7 years, because of economic growth, we will reduce the deficit $640 billion because of increased revenues because businesses expand, they create jobs, more revenue comes into the Federal budget?
Jack Kingston: “Is it not true that if the economic growth is 1 percent over the projected growth rate of 2.1 percent over the next 7…”
On the recordMay 12, 1995
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govinfo.govEditor's note · Context
Discussing the impact of economic growth on the federal deficit.
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