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Decision 1984 / Federal Deficit #534110

NBC Evening News for Thursday, Oct 25, 1984
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(Studio) Fiscal 1984 federal budget deficit said second largest in history; President Reagan's 1980 campaign promise to balance budget recalled. Deficit's apparent lack of impact on Reagan's reelec. efforts noted.
REPORTER: Tom Brokaw

(DC) Implications of record deficit for nation examined. [Former Commerce Secretary Peter PETERSON - explains economy impact on country.] National debt since Reagan inauguration, per person as well, outlined on screen, detailed. [Econ. Charles SHULTZE - predicts percentage of personal income tax targeted for interest payments on national debt.] Possibility of new recession by 1985-86 considered.
REPORTER: Irving R. Levine

(Studio) [Chase Econometrics chairperson Lawrence CHIMERINE - explains relationship between deficit, interest rates, consumer concerns, fallaciousness of government projection.]
REPORTER: Tom Brokaw

Reporter(s):
Brokaw, Tom;
Levine, Irving R.
Duration:
00:04:30

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