Budget And Economic Outlook Hearing Before the Committee On the Budget House
Budget And Economic Outlook Hearing Before the Committee On the Budget House
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Mr. Reischauer. I think that in large measure that is the case. It could also be increases in inefficiency. One really does not know.
Mr. HOEKSTRA. Thank you.
Chairman Kasich. Mr. Olver?
Mr. Olver. Thank you, Mr. Chairman.
I have to make one very brief comment, and it will be brief, be- cause we really do not have much time here. We have been often told that Congress is out of touch with those outside the beltway. It must also be that economists is out of touch with those outside the beltway, t...oo. There is a great disconnect between what I hear you saying and what I am hearing from people in my district.
Could we equate living standards with rise in family income, or is that not a correlation that one can depend upon?
Mr. Reischauer. I would say that it is a correlation. It is not a perfect measure of living standards. I think there is a lot else in- volved in living standards, such as Mr. Olver. Could you provide for me at least what it is when you define living standards rising? What are the components of liv- ing standards rise and what percentage of the total 100 percent of living standard rise might be attributable to real income increase, and what might be to several other things that you — I will accept that there are other factors, but I would like to know what they are without your answering here and trying to give a percentage to it here.
What to read after Budget And Economic Outlook Hearing Before the Committee On the Budget House?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On the B to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Mr. Reischauer. I think that in large measure that is the case. It could also be increases in inefficiency. One really does not know.
Mr. HOEKSTRA. Thank you.
Chairman Kasich. Mr. Olver?
Mr. Olver. Thank you, Mr. Chairman.
I have to make one very brief comment, and it will be brief, be- cause we really do not have much time here. We have been often told that Congress is out of touch with those outside the beltway. It must also be that economists is out of touch with those outside the beltway, t...oo. There is a great disconnect between what I hear you saying and what I am hearing from people in my district.
Could we equate living standards with rise in family income, or is that not a correlation that one can depend upon?
Mr. Reischauer. I would say that it is a correlation. It is not a perfect measure of living standards. I think there is a lot else in- volved in living standards, such as Mr. Olver. Could you provide for me at least what it is when you define living standards rising? What are the components of liv- ing standards rise and what percentage of the total 100 percent of living standard rise might be attributable to real income increase, and what might be to several other things that you — I will accept that there are other factors, but I would like to know what they are without your answering here and trying to give a percentage to it here.
What to read after Budget And Economic Outlook Hearing Before the Committee On the Budget House?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On the B to read onlineMoreLess
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