January 1964 Economic Report of the President
JANUARY 1964 ECONOMIC REPORT OF THE PRESIDENT HEARINGS BEFORE THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES EIGHTY-EIGHTH CONGRESS SECOND SESSION JANUARY 23, 27, 28, and 29, 1964 PART 1 Printed for the use of the Joint Economic Committee U.S. GOVERNMENT PRINTING OFFICE 28-276 WASHINGTON: 1964 For sale by the Superintendent of Documents, U.S. Government Printing Office / Washington, D.C., 20402 -Price 70 cents JOINT ECONOMIC COMMITTEE (Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.) PAUL H. DOUGLAS, Illinois, Chairman RICHARD BOLLING, Missouri, Vice Chairman SENATE HOUSE OF REPRESENTATIVES JOHN SPARKMAN, Alabama WRIGHT PATMAN, Texas J. W. FULBRIGHT, Arkansas HALE BOGGS, Louisiana WILLIAM PROXMIRE, Wisconsin HENRY S. REUSS, Wisconsin CLAIBORNE PELL, Rhode Island MARTHA W. GRIFFITHS, Michigan JACOB K. JAVITS, New York THOMAS B. CURTIS, Missouri JACK MILLER, Iowa CLARENCE E. KILBURN, New York LEN B. JORDAN, Idaho WILLIAM B. WIDNALL, New Jersey JAMES W. KNOWLEs, Executive Director MARn&N T. TRACY, Financial Clerk HAMILTON D. GEWEHR, Administratise Clerk ECONOMISTS W5LLIAM H. MOORE THOMAS H. Bones, JR. GERALD A. POLLACK ALAN P. MURRAY DONALD A. WEBSTER (Mlinority) _ II CONTENTS STATEMENTS JANUARY 23, 1964 Heller, Dr. Walter W., Chairman, Council of Economic Advisers, ac- Page companied by Gardner Ackley and John P. Lewis, members - 8 JANUARY 27, 1964 Gordon, Kermit, Director, Bureau of the Budget, accompanied by Elmer Staats, Deputy Director; Charles L. Schultze, Assistant Director; and Samuel M. Cohen, Deputy to the Assistant Director for Budget Review- 81 JANUARY 28, 1964 Dillon, Hon. Douglas, Secretary of the Treasury accompanied by Paul A.
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