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 ngress passed the Economic Stabilization

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lynk2510




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PostSubject: ngress passed the Economic Stabilization    ngress passed the Economic Stabilization  Icon_minitimeFri Mar 11, 2011 8:29 am

nment to individual American citizens in government benefits (including Social Security and Medicare) rose from 6.3% of the Gross National Product (GNP) to 8.9%. Food aid and public assistance also rose, beginning at $6.6 billion and escalating to $9.1 billion. Defense spending decreased from 9.1% to 5.8% of the GNP. The revenue sharing program pioneered by Nixon delivered $80 billion to individual states and municipalities.[92]
In 1970, the Democratic Congress passed the Economic Stabilization

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