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Reagan's Economic Excuses Quiekly Wearing Thin Earth Not Created In SIDELINES Tuesday, April 6,1982 5 Reagan's economic excuses quiekly wearing thin By BILL WARD Oct. 1 that "on this day, our ever have to deal with a Federal for re-election this year, and and the wealthy must be scaled eight new loopholes for cor- Columnist economic recovery program Reserve Chairman appointed by they must keep in fairly close back to reasonable levels. Exxon porationas and individuals and Ronald Reagan is rapidly begins," now claims that it a predecessor; in fact, the touch with their constituents. has no reason to drill for more expanded 21 others. There are running out of excuses for the "hasn't really started yet. president himself should Congressmen thus realize that oil when its profits can be used now 104 tax loopholes which diseased state of today's "The reduced budget spen- ultimately be in charge of the the defense budget must be to buy smaller companies with cost the government more than American economy. ding and the 10 percent tax cut Fed's money flow.) slashed from Reagan's Cold War outstanding taxes and write $250 billion a year. American First he blamed his in July will be the real beginning MORE IMPORTANTLY, levels, and a lot of social them off. And certainly none of business will hardly collapse if a predecessor, James Earl Carter, of our program," the president however, the smooth-talking programs must be maintained, if the Hunts or Rockefellers have few dozen of those loopholes are for bringing about a added on a national radio quarterback should tone down only because the unemployment shown any inclination to let anv rescinded. 'depression,'* even though broadcast. his own lifestyle. The Reagans' lines are growing so swiftly of their vast wealth "trickle unemployment is now almost 20 Reagan, who will conduct decision to vacation in the under Reaganomics. down." It's the only logical step the percent higher than it was when weekly broadcasts largely Barbados and the furor over More importantly, the president can take, and the Carter left office. because his supporters tremble whether Nancy should stop outrageous tax breaks and THE PRESIDENT'S tax sooner he realizes it, the better NEXT REAGAN laid the onus in trepidation every time he accepting free designer clothes loopholes for the corporations program last year opened up for all of us. on Congress, which responded speaks extemporaneously, added and pass them along to museums by passing, virtually intact, most that he won't give up the tax cut hardly represent steps in the of the chief executive's economic because that would be "like right direction. proposals last year. trying to pull a game out in the It's obvious that the President Earlier this year, the ex- fourth quarter by punting on relishes "the good life," but it's thespian attributed our third down." hardly a proper example to be economic straits to the Federal SO "THE GIPPER" has setting when unemployment is Reserve Chairman Paul Volcker, abandoned the Statue of Libert) spiraling and small businesses whose tight monetary policies play, since no one was willing or arc folding like escalators. are largely a result of the ad- able to snag the economic Regardless of what Reagan says, ministration's ludicrous deficit football, and any sort of pass his first budget has been in place projections. play is now out of the question. for over half a year now, and the Now that the well of potential He's decided to call time out and results arc not promising. guilty parties for the current hope that some sort of trick plav He has no choice but to go recession has run dry, Reagan can be devised to improve his with his current "strategy of has come up with a truly novel field position. patience," hoping that an im- idea—blame no one. What he needs how< \ i provement in the economy will OVER THE weekend, the few new teammates and a give hime a stronger hand in former "Death Valley Days'" different game plan dealing w ith Congress, which is, host, who must suffer from deja Certainly fumble-prone tight much to the administration's vu whenever he surveys the end David Stockman and chagrin, coming up rather economic landscape, said simply balkish fullback Volcker should quick!) with some bipartisan that Reaganomics is not to be placed on irrevocable budget alternatives blame. The man who said last waivers. (No president should MOST OF THE solons are up Earth not created in 1963; someone tell Mondale By JIM SEIGNEUR THOSE WHO have a slightly successful in a number of free magazine "Disbursments for So where's all the money would be enforced by the Columnist better memory than Mondale societies. As recently as 1962 just these functions at all levels of going? A huge part of it goes to federal government. President Recently former Vice will recall that it was in 1963 such, a program was used by government have more than pay the people who administer Reagan, incidentally, has said President Walter Mondale said that Lyndon Johnson became President Kennedy with quintupled since the era of the the programs. But a lot goes to that just such a plan of en- that President Reagan's President after the murder of remarkable success. Nothing great society—rising from $77 people who are not needy at all; forcement of federal guidelines economic policies are not John Kennedy. Soon after, radical here. billion in 1965 to $394 billion in people with multiple Social would be part of his New conservative but rather are Johnson announced institution 1978 (the latest date for which Security numbers; and people Federalism. radical. This opinion, which WHAT ABOUT defense of the "Great Society "(also these agregate data figures are who have learned to manipulate Is any of this New Federalism was extended to include the New spending? Is the amount that known as the New Deal gone available.)" these programs. really new and untried? Well, Federalism, was included in a Reagan proposes to spend on is thrift radical? Well, in astray.) It was a program which Fvans goes on to point out yes. Although federalism is as recent letter to the editor of this defense radical:' Hardly. Prior to government, perhaps. So we'll was created with the best of that even though all this money old and cherished a part of our paper. Since this misconception LBJ defense spending always give that one to Mondale, for intentions; unfortunately it was has been spent the number of country as the Constitution seems to be spreading (due in made up at least 50 percent of what good it'll do him. also a haphazard, ill-conceived poor people has remained itself, the New Federalism does large part to the campaign the national budget. In the program undertaken without a constant hovering around the 25 THE FEDERAL government have one new part. Never in the rhetoric of Mr. Mondale) it 1950s, for example, militarv single piece of statistical polity million mark. Percentage-wise it cannot efficiently administer "old" federalism (before FDR) seems worth while to look at the spending took 1"> percent of the analysis. hasn't changed either — these programs. They've proven was the government invoked in facts. Cross National Product (CNP) fluctuating between 11 and 12 this year after year as the figures guaranteeing a decent life to Contrary to the memories oj President Reagan is, indeed, anil over 50 percent ol the percent of the population. above show. So who should run Americans. The New Federalism some, the world was not created attempting a change from some budget. Todav 24 percent ol the such programs? Obviously the IF YOU CARE to take out does not seek to diminish .this in 1963. It is easy to see, though, of the policies of the "Great budget and only 0 percent of the state and local governments. your handy pocket calculator role of government, but rather why someone who believed it Society" instituted by President GNP is s|>cnt on defense. (Isn't it They are closer to the people and you will find that all this figures to guarantee its efficient ad- was would view Reagan as a Johnson. Let's look at these strange that you never hear can provide help faster and more out to more than $15,000 a year ministration. radical. In determining a cause changes to see if Mondale has a liberals mentioning these facts?) efficiently to those who need it; lor even single poor person in The only thing that Reagan or policy to be liberal or con- case. and they are better able to those How about trv ing to cut waste America or a combined income has done as president that could servative, however, one should who do not need it. Accross the board tax cuts to out ol programs intended to help ol over $60.000 a year for a really be considered radical is to not fall into the trap of con- Such a program would, of stimulate the economy are not the needy? As pointed out l>\ \l lamilv of four. As outrageous as try to do. as president, what he sidering only the last ten or course, require some strict new. This approach has proven Stanton Evans in Human Events this sounds, it is true. said he would do as a candidate. twenty years. guidelines for the states which From ()ur Readers Reader claims wanted his job back, wrong sources. Brad Lowe did par- several times. preparation and on-the-floor nessee Conference of Afro again!! Brad does not want his ticipate in a criminal act.
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