DIFFERENCES IN RESULTS OF HIGH AND LOW ECONOMIC GROWTH RATES, 1962-1965 Bold Face - Difference in 1965: Italics - Difference for four year period as a whole PROFESSIONAL DOMESTIC 21 RESIDENTIAL $79 Billion $229 Billion TRANSFER $II Billion $30 Billion FEDERAL, STATE, AND INVESTMENT $5.3 Billion $25 Billion FOR GOODS AND SERVICES BUDGET $10.5 Billion $15 Billion $42 Billion High growth rate would draw more persons into the labor market than low growth rate. 2 Including net exports of goods and services. TOWARD A FEDERAL BUDGET GEARED TO FULL ECONOMIC GROWTH AND THE GREAT PRIORITIES OF NATIONAL PUBLIC NEEDS BURDEN OF FEDERAL OUTLAYS IN A FULLY GROWING ECONOMY WOULD BE LOWER THAN IN RECENT YEARS NATIONAL DEBT AS PERCENT OF TOTAL FEDERAL OUTLAYS AS PERCENT OF Calendar Years) (1963, Fiscal; All Other Years, 63.9% Calendar Years) 56.1% (CONVENTIONAL BUDGET) 48.6% 43.8% 16.7% 16.2% 15.7% 16.2% 1965 Goal 1953-1961 1961 1963 1965 1953-1961 1961 1963 Av. Annual Actual Goal Goal Av. Annual Actual Goal Actual including poy ond contingency adjustments and less interfund transactions. WHAT WE CAN AFFORD AND NEED TO DO THROUGH THE FEDERAL BUDGET 1962 and 1963, Fiscal Years; 1965, Calendar Year Per Capita Outlays in 1960 Dollars 1963 Goal 15.73 492.22 1963 Goal 9.78 306.15 11963 Goal 0.30 + % of Total Per Output Capita 0.22 6.41 9.28 1963 Goal 0.30 9.28 1965 Goal 0.49 16.79 PUBLIC LABOR AND HOUSING ALL DOMESTIC PROGRAMS AND SERVICES THE BUDGET OF THE UNITED STATES (Includes also Year 1962 % of Total Per 0.47 1963 Goal 0.49 % of Total Per 13.59 1962 1965 Goal 0.52 Budget estimate as of January 18, 1962 % of Total Per % of Total Per Output Capita 6.18 177.80 Output Capita | Year 4.861 1962 0.10 |