Assessment of Economy as it Pertains to the Federal Budget

The Budget Act of 1974 instructs the Joint Economic Committee to provide recommendations to the Budget Committee “as to the fiscal policy appropriate to the goals of the Employment Act of 1946.” The goals set forth in the Employment Act are to ensure that there are jobs available to all who are “able, willing and seeking to work” and to “promote maximum employment, production and purchasing power.” Below are the recommendations of the Democratic staff of the Joint Economic Committee in accordance with these goals.

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