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Nixon warns that federal spending endangers prosperity
President Nixon in a radio address before unveiling a 268.7 billion dollar budget cites rising deficits and a 440 billion dollar national debt. Economists Heller and McCracken discuss debt dynamics, risks to growth, and the unlikely prospect of rapid debt reduction as deficits influence policy and markets.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Nixon
Congress
Heller
McCracken
U. S
United States