How to use compensatory spending in a sentence? Find typical usage patterns (collocations)/phrases/context for "compensatory spending" and check conjugation/comparative form for "compensatory spending". Mastering all the usages of "compensatory spending" from sentence examples published by news publications.
The bill was pressured to take on a number of amendments that forced the removal of the guarantee of full employment and the order to engage in compensatory spending. Although the spirit of the bill carried through into the Employment Act of 1946, its metaphorical bite was gone. The final act was not so much a mandate as a set of suggestions. The result was a bill that made the general goals full employment, full production, and stable prices.
|
|
The report, designated the Economic Report of President, must estimate the projected employment rate for the next fiscal year, and if not commensurate with the full employment rate, to mandate policies as necessary to attain it. There was strong opposition to the wording of the bill from the business community, which feared government regulation, deficit spending and runaway inflation.Don Yalung-Mathews, "Business Perspectives on the Full Employment Bill of 1945 and Passage of the Employment Act of 1946," Essays in Economic and Business History, 1990, Vol. 8, pp 331-342 Conservative Congressmen, led by Republican Senator Robert A. Taft, argued that business cycles in a free enterprise economy were natural and that compensatory spending should not be exercised except in the most extreme of cases.
|
|
Conservatives removed all of the Keynesian markers from the final bill, so that it merely encourages the federal government to "promote maximum employment, production, and purchasing power." The act requires the President to submit an annual economic report within ten days of the submission of the national budget that forecasts the future state of the economy, including employment, production, capital formation, and real income statistics. This Economic Report of the President, as the act names it, sets forth future economic goals of the country and offers suggestions on how to attain it, a marked compromise from the original bill's focus on compensatory spending. The act creates the Council of Economic Advisers, an appointed advisory board that will advise and assist the President in formulating economic policy.
|
|
No results under this filter, show 3 sentences.