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Draft 11/02/87 <br />Adopted 11/09/r7 <br />Update <br />1988 LFL -MATIVE POLICIES <br />LEVEL GE W.T-72iG Tr FEDERAI <br />Iy;M FOLICY/CCMMEX5 STATUS LFAQJE POLICY AMI POLICY <br />Federal Deficit <br />International trade <br />deficit/balance of <br />payrents <br />Undertake approlrsite measures <br />through spending reductions <br />and if needed, tax increases <br />that do not negatively impact <br />the economy in order to bring <br />the budget deficit under control. <br />It is anticipated that deficit <br />control will strengthen the <br />economy for the 1990's and <br />reducing the impact of an <br />impending recession <br />Develop and implement <br />strategy to reduce the <br />trade deficit without <br />resorting to protectionist <br />trade legislation in <br />order to improve the <br />u.s.economy <br />No policy No policy <br />No policy <br />0 <br />No policy <br />