80 Billion Deficit Is Predicted Cervices from Each Unit of Fuel Have Come on the 1975
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28 - TH E H ERALD . Wed.. Sept. 9, 1981 Conservation, not conversion, pays off Scouts conquer Mount Baldy ... poge 13 If you're a homeowner who uses oil as heating fuel and by the oil-producing nations. This is a phase of calm in Estimates of the price spiral in th e first year of naturai you met the on-again-off-again crises of the 1970s by world oil markets — but it well may be (probably is) gas'decontrol cover a wide.range, but no one even tries conserving your fuel rather than converting to another, temporary, and we’ll be flowing from calm to crisis, to deny there will be a spiral. you're now moving into a major “ plus” position you from crisis to calm as global energy realities dictate. Thus, back to square one. Converting from one fuel to never expected. Your Cloudy tonight; Manchester, Conn. That’s the basis upon which to pledge ourselves to con another may seem a money-saving move, but it’s a If, though, you followed the advice of many “ instant Money's servation and to shun complacency, no matter what the- phony hope. Conserving whatever fuel you have may experts," and switched to other fuels — such as natural sunny Friday Thursday, Sept. 10, 1981 front page headlines. seem a slow solution, but it’s a real solution. As a fuel gas — at considerable expense td you, you’re facing a Worth But what about the users of natural gas — the nation's user, you can’t lose by conservation — and as a nation, 25 Cents period of major uncertainty about accelerated decontrol — See page 2 most popular heating fuel, which warms 55 percent of we ail win. of natural gas prices and the prospect of zooming prices Sylvia Porter Am erica’s homes and apartments? Congress surely did (Job hunting? Sylvia Porter’s comprehensive new 32- for your fuel following the decontrol. not intend to provide preferential treatment to natural page booklet “ How to Get a Better Job” gives up-to- If you haven't made any moves as yet, your wisest gas users nor did it intend to exclude natural gas con date information on today’s job market and how to take choice is to save on whatever fuel you’re using. Don't sumers from joining in conservation. advantage of it. Send $1.^ plus 50 cents for postage and switch it! Conserve your heating source, don't convert This has been the result of the 1978 Natural Gas Policy handling to “ How to Get a Better Job,” in care of this - it. billion by 1985, Act, however, under which price controls on “ new” gas newspaper 4400 Johnson Dr., Fairway, Kan. 66205. Make Because millions of us who use oil for home heating As consumers, we have slashed our use of heating oil discovered after 1976 are gradually being lifted and are checks payable to Universal Press Syndicate.) have conserved to a degree beyond the hopes of even the to warm our homes by 20 percent in the past two years alone, estimates the National Oil Jobbers Council. to be totally removed by 1985, while prices on “ old” gas Copyright 1981 Universal Press Syndicate most optimistic predictors, oil imports have dropped to stay under ceilings. “ N ew ” gas accounts for only about their lowest levels in five years while U.S. per capital And on top of this spectacular energy conservation drive, thousands of new energy devices to improve our 50 percent of supplies. Much, much cheaper "o ld ” gas is energy consumption has sunk to its lowest level since being sold in the black market to insiders. $80 billion deficit is predicted cervices from each unit of fuel have come on the 1975. The Reagan, administration is seriously weighing Meanwhile, our efforts to conserve will have boosted market, adds Roger Sant, director of the Carnegie- plans to speed up decontrol of all natural gas prices, old spending for energy efficiency close to $9 billion in 1981 Melloh Institute's Energy Productivity Center. Among Letters to the editor economy, Ms. Rivlin said, ’’The 1982 because of reduced money and new. Reagan’s Energy Department recommends close to $50 billion. faced with projections of- a administration estimates a cut that alone — actually double the total spent as recently as the devices Sant emphasizes; double-paned windows, The Manchester Herald’s Open Forum provides space WASHINGTON (UPI) - The major reasons for the projected im growth and strong credit demands.” \ the acceleration, declares it is amply warranted on Despite these gloomy statistics, mushrooming budget deficit, has size would be necessary to hold the 1979 and more than the combined spending of the automatic flue dampers, electronic pilot lights and for reader dialogue on current events. Address letters to Congressional Budget Office provement in economic growth are CBO said. Vponom ic grounds and obviously dismisses the certain the nonpartisan CBO predicted the sought to find ways to impose deficit to its July projection of $42.5 preceding five years. sophisticated thermostats. the Open Forum, Manchester Herald, Herald Square, projected today the federal deficit the moderation of inflation and the The ironic aspect of all this is that as consumers of oil surge in natural gas prices as of lesser importance than economy would improve next year. deeper spending reductions. billion. CBO estimated the fiscal 1982 With this a background, informed forecasts are that Manchester, CT 06040. next year w ill be $80 billion — nearly reduction in taxes contained in the achieving true market competition ,among fuels. Congress already has cut $35 But CBO projections show it still budget at $720 billion, presuming the our total investment in efficiency will skyrocket to $30 and electric heat, we have been brutally pushed around twice the size the cost-cutting ‘"The updated economic forecast Economic Recovery Act of 1981.” would leave Reagan way off his additional $15 billion in cuts Reagan administration had an of the Congressional Budget Office billion from 1982 spending, and the target. assumed in the first budget resolu ticipated earlier. shows substantial improvement in administration planned to request She said, ’ ’The slowing of inflation the economy compared with the about $75 billion in cuts in fiscal 1983 Although CBO projected a deficit that began in the first half of 1981 is tion are made. That compares with And, CBO said. President lackluster performance of recent and 1984. of $80 billion next fiscal year, which projected to continue into 1982. Real the administration's July figure of Reagan’s goal of a balanced budget years,” CBO Director Alice Rlvlin begins Oct. 1, it said the figure growth is expected to pick up late in $704 billion. by 1984 may be crushed as it now said in a statement prepared for Reagan has talked with would be closer to $65 billion if 1981 and to be strong in 1982.” It estimated revenues at $655 seems the deficit that year— even if delivery to the House Budget Com Republican congressional leaders Reagan got the additional spending “ Interest rates, although lower billion, compared with ^the ad Reagan’s current economizing mittee. about further cuts for the new fiscal reductions he is seeking. ministration’s $662.4 billion. BLANCHARD &\ « measures are adopted — will be In recent weeks, the White House, year of $15 billion to $20 billion. The Speaking of the overall state of the than in 1981, should remain high in ROSSETTO \ ™ FBI head vows House ' a REALTORS probe of sting honors “Your Home Town Agency” ■ 0 / WASHINGTON (UPI) - The hehd promptly attended to through the jp,j. ^ 9. W of the F B I has promised to deal with justice system.” "m istakes” by the FB I in Connec Webster said the reasons for the Cotter ticut involved in an aborted sting “ pursuing investigation’’ in Creative Financing Specialists! operation against Bridgeport’s Bridgeport will be clarified later * * By Jacqueline Huard police chief. this month in federal court. United Press International Sen. Lowell Weicker and Rep. Walsh turned the tables on the Stewart McKinney, both R-Conn., FBI scam last month by arresting ..m HARTFORD - The U.S. House 6 4 6 -2 4 8 2 said today they received the an informant who gave him a $5,000 has taken a break from business to assurances from FBI Director down payment on a $30,000 bribe to .-s " , pay tribute to the late Rep. William William Webster after a meeting to obtain a lucrative towing contract Cotter, D-Conn., "a beautiful We Can Help You Find & .liance Your Own Home — Even In Today’s Market Place. discuss the attempt to bribe Police for his uncle. fellow” who lost a six-month battle Superintendent Joseph A. Walsh The informant, Thomas Marra with cancer earlier this week. Aug. 18. Jr., 28, of Bridgeport, a convicted They said they met with Webster car thief, was charged with "This is a day of sorrow for all of THREE BEDROOM RANCH IT! Wednesday for about one hour to attempted bribery. us. " said House Speaker Thomas Alibrio Realty, Inc. offers you A sparkling horns express their concern with the Marra's lawyers filed a petition O'Neill, D-Mass., speaking from the governm ent’ s ongoing probe in Wednesday seeking to transfer the in absolutely immaculate condition, inside and Washington podium of the chamber bribery charge from state to federal out! The view as soon as you enter of the large Bridgeport. i where Cotter worked for more than fireplaced living room sets the family mood of They said they did not want to get court jurisdication. Marra was a decade.