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CRS87-0368Ep0029
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CRS87-0368Ep0029
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info:fedora/mu:75384
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12/31/70 12/24/69 ’08l01/68 ll/04/66 09/09/65 08/10/65 09/02/64 06/30/61 09/23/59 8 os/oz/54 ring Administration. CR5-13 Operating subsidies for low-rent ‘public housing authorities without limitation to special classes of tenants were approved, and the Experimental. Housing Allowances Program was authorized in" the Housing and Urban Development Act of 1970, (P.L. 91-609). (The "
CRS87-0368Ep0030
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CRS87-0368Ep0030
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info:fedora/mu:75384
CRS87-0368Ep0022
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CRS87-0368Ep0022
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CRS851021ENRpage03
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CRS851021ENRpage03
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ABSTRACT The purpose of this report is to explain, analyze and critique the National Economic Stability Act proposed by the National Organization of i Raw Materials (N.O.R.M.). N.O.R.M. believes that most of today's econo- mic problems, such as high rates of bankruptcy, the negative balance of trade, unemployment, and spiraling public and private debt, are related to our Nation's treatment of agriculture and other raw material produ- cers over a long period oftime. When raw material prices are cheap, below "full honest parity," rural America is short of buying power, and urban businesses are unable to operate at full capacity without the eco- nomy going into debt. N.O.R.M. proposes replacing existing farm programs with a law prohibiting the sale of certain basic agricultural commodities at less than their parity price.
CRS851021ENRpage04
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CRS851021ENRpage04
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CRS85-1021ENRp05a
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CRS85-1021ENRp05a
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CRS851021ENRpage07
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CRS851021ENRpage07
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expanding public and private debt. They believe the need for this debt expansion grew out of the insuf- ficient purchasing power resulting from a cheap raw materials policy. In fact, public and private debt are increasing at unprecedented rates. In 1984 net public and private debt totaled $7.1 trillion, up from $6.2 trillion the year before. This figure amounts to over $30,000_for every man, woman
CRS851021ENRpage01
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CRS851021ENRpage01
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cc; /‘J~ /Y/3: /Qpr. #«?5-/042 / E/1/Q 85-1021 ENR Congressional Research Service The Library of Congress Washington, D.C. 20540 ANALYSIS AND CRITIQUE OF NATIONAL ORGANIZATION FOR RAW MATERIALS'(NORM) PROPOSED NATIONAL ECONOMIC STABILITY ACT (NESA) Government Publications Unit JUL 2'2°?i99'4 Washington University Libraries St.’Louis, MO 63130 N G gr , gr €()f@€;E§§ z‘v"-.1“: I
CRS851021ENRpage05
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CRS851021ENRpage05
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is the source of new wealth creation, it becomes the primary source of national income. Although everyone is dependent upon gross raw material income to some extent, the people in rural America" are almost completely dependent on gross raw material income for their living. Since N.0.R.M. sees little appreciation of this relationship in current economic theory and policy, it has labelled the Nation
CRS85-1021ENRp05b
Title
CRS85-1021ENRp05b
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CRS-2 Proposed National Economic Stability Act There are four components to the N.O.R.M. economic program. 1. Replace all current farm price support programs with Federal law, similar to the minimum wage law, that would require storable agricultural commodities be sold at no less than 90 percent of their full parity price. The in- tention of this proposal is to guarantee the full cost
CRS851021ENRpage06
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CRS851021ENRpage06
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CRS851021ENRpage02
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CRS851021ENRpage02
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CRS851021ENRpage30
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CRS851021ENRpage30
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CRS861012ENRpage11
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CRS861012ENRpage11
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info:fedora/mu:76890
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) (121) (6) 1,011 1,894 2,182 35 42 54 (134) 780 108 $2,752 $4,036 $11,652 (a) Estimate, Congressional Budget Office (15) SOURCE: Includes corn, sorghum, barley, oats, rye 93.3.. 1:195. S 6,821 $ (737) 3,419 2,536 664 333 1,363 244 288 (585) (6) 11 880 346 48 90 49 10 2,528 1,503 94 132 2,703 3,432 $18,851 $ 7,315 Eféi §Z§9£3l__.€¥3Zi32 S 5,232 $12,031 S 7,915 4,691 3,807 4,732 990 805 1,131 1,553 2
Farm support programs
Title
Farm support programs: Cost considerations
Date
1986
Summary
Net outlays for the U.S. Department of Agriculture's commodity price support programs will reach a record $26 billion or more in fiscal 1986. This report briefly discusses how these programs are funded, who benefits from them, and their cost to taxpayers.
CRS851021ENRpage27
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CRS851021ENRpage27
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CRS-13 It cannot be denied that certain aspects of the economy are less than optimum. Certainly it would be desirable to have all able-bodied persons employed at good wages, have all production facilities fully utilized and have stable prices in the marketplace. To a considerable extent, however, the farm economy's problems have been caused by difficulties in achieving the needed
CRS851021ENRpage25
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CRS851021ENRpage25
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each year by the Department of Agri- iculture, shows the total assets of the agricultural sector, excluding the assets of farm householders, totalled $929 billion on January 1, 1984; aggregate farm liabilities totalled $201 billion, for an asset-liability ratio of 4.6 to 1. Although this ratio is less than the 6 to 1 ratio which prevailed l0 years ago, it is still above the minimum 3 to 1 ratio
CRS851021ENRpage26
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CRS851021ENRpage26
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CRS851021ENRpage29
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CRS851021ENRpage29
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of disposable income spent for food from its present level of 15 percent to at least 20 percent.
CRS851021ENRpage28
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CRS851021ENRpage28
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