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Printed for the use of the Joint EconpnUNIVERSITY OF CALIFORNIA

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MAY 3 i 1967

BERKELEY

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For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 · Price 75 cents

JOINT ECONOMIC COMMITTEE (Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.)

WILLIAM PROXMIRE, Wisconsin, Chairman

WRIGHT PATMAN, Texas, Vice Chairman
BENATE

HOUSE OF REPRESENTATIVES JOHN SPARKMAN, Alabama

RICHARD BOLLING, Missouri J. W. FULBRIGHT, Arkansas

HALE BOGGS, Louisiana HERMAN E. TALMADGE, Georgia

HENRY S. REUSS, Wisconsin STUART SYMINGTON, Missouri

MARTHA W. GRIFFITHS, Michigan ABRAHAM RIBICOFF, Connecticut

WILLIAM S. MOORHEAD, Pennsylvania JACOB K. JAVITS, New York

THOMAS B. CURTIS, Missouri JACK MILLER, Iowa

WILLIAM B. WIDNALL, New Jersey LEN B, JORDAN, Idaho

DONALD RUMSFELD, Ilinois
CHARLES É. PERCY, Ilinois

W. E. BROCK 3D, Tennessee
JOHN R. STARK, Executive Director
JAMES W. KNOWLES, Director of Research

ECONOMISTS
WILLIAM H. MOORE

GEORGE R. IDEN
JOHN B. HENDERSON

DANIEL J. EDWARDS
DONALD A. WEBSTER (Minority)

SUBCOMMITTEE ON ECONOMY IN GOVERNMENT

WILLIAM PROXMIRE, Wisconsin, Chairman
SENATE

HOUSE OF REPRESENTATIVES JOHN SPARKMAN, Alabama

WRIGHT PATMAN, Texas STUART SYMINGTON, Missouri

MARTHA W. GRIFFITHS, Michigan LEN B. JORDAN, Idaho

WILLIAM S. MOORHEAD, Pennsylvania CHARLES H. PERCY, Illinois

THOMAS B. CURTIS, Missouri

DONALD RUMSFELD, Illinois
RAY WARD, Economic Consultant

II

LETTER OF TRANSMITTAL

MAY 2, 1967. To the Members of the Joint Economic Committee:

I am transmitting herewith for your use and other members of the Congress and the interested public, selected background material on economy in Government. These data have been prepared especially for hearings of the Subcommittee on Economy in Government scheduled for May 8, 9, 10, and 16, 1967.

This study was prepared by Mr. Ray Ward, temporary economic consultant to the subcommittee, and any findings and conclusions herein are the author's and are neither approved nor disapproved by the subcommittee. Sincerely,

WILLIAM PROXMIRE, Chairman, Joint Economic Committee.

IIT

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