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Show Page 2 - THE HERALD, Provo, Utah, Wednesday, January 26, 1983 Reeagan Urges Socio! S ecurify Flan '.vr Continued from Page l- almost 30 years. As 1983 began, the ".system stood on the brink of bankruptcy, a double victim of our economic ills. First, a decade of rampant inflation drained its reserves as 7e tried to protect benefi-.ciarifrom the spiraling cost of living. Then the recession and the 'sudden end of inflation withered the expanding wage base and increasing revenues the system needs to support the 36 million Americans 'who depend on it. I When the speaker of the House, ;the Senate majority leader and I formed the bipartisan Commission on Social Security, pundits and ".experts predicted that party dives interests isions and conflicting would prevent the commission from 'agreeing on a plan to save Social .Security. Well, sometimes, even here in "Washington, the cynics are wrong. Through compromise and cooperation, the members of the commission overcame their differences and achieved a fair, workable plan. They proved that, when it comes to the national welfare, Americans can still pull together for the common good. Tonight, I am especially pleased to join with the speaker and the Senate majority leader in urging the Congress to enact this plan within the next hundred days. There are elements in it, of course, that none of us prefers, but taken together it forms a packaege all of us can support. It asks for the some sacrifice by all He also reminded us that, "The future lies with those wise political leaders who realize that the great public is interested more in government than in politics." So, let us, in these next 2 years men and women of both parties and every political shade concentrate on the bipartisan re- d, beneficiaries, workers, new government employees, and the better-of- f among the retired but it imposes an undue burden on none. And, in supporting it, we keep an important pledge to the American people: the integrity of the Social Security system will be preserved and no one's payments will be reduced. The commission's plan will do the job. Indeed, it must do the job. We owe it to today's older Americans and today's younger workers. So, before we go any further, I ask you to join with me in saluting the members of the commission who are here tonight, and Senate majority leader Howard Baker and Speaker Tip O'Neill, for a job well done. I hope and pray the bipartisan spirit that guided you in this endeavor will inspire all of us as we face the challenges of the year ahead. A Time of Transition and Renewal Nearly half a century ago, in this chamber, another American president, Franklin Delano Roosevelt, in his second State of the Union message, urged America to look to the to meet the challenge of future change and the need for leadership that looks forward, not backward. "Throughout the world," he said, "change u the order of the day. In every nation economic problems long in the making have brought crises of many kinds for which the masters of old practice and theory were unprepared." long-rang- sponsibilities the short-ter- m e, of government, temptations not of parti- san politics. The problems we inherited were far worse than most inside and out of government had expected; the recession was deeper than most inside and out of government had Eredicted. Curing those problems more time, and a higher toll, than any of us wanted. Unem- is far too high. Projected Jiloyment if government refuses to tighten its own belt will also be far too high and could weaken and shorten the economic recovery now under way. This recovery will bring with it a revival of economic confidence and spending for consumer items and the stimulus we capital goods need to restart our stalled economic engines. The American people have already stepped up their rate of saving, assuring that the funds needed to modernize our factories and improve our technology will once again flow to business and industry. The inflationary expectations that led to a prime rate and soaring mortgage rates two years ago are now reduced by almost half. Lenders have started to realize that double-dig- it inflation is no longer a way of life. So, interest rates have tumbled, paving the way for recovery in vital industries like housing and autos. The early evidence of that recovery has started coming in. Housing starts for the fourth quarter of 1982 were up 45 percent from a year a sure ago. And housing permits were indicator of future growth up a whopping 60 percent. We are witnessing an upsurge of productivity and impressive evidence that American industry will once again become competitive in markets at home and abroad ensuring more jobs and better incomes for the nation's workforce. But our confidence must also be tempered by realism and patience. Quick fixes and artificial stimulants, repeatedly applied over decades, are what brought on the inflationary disorders that we have now paid such a heavy price to ( nomic problems. Unless we reduce the dangerous growth rate in government spending, we could face the prospect of sluggish economic growth into the indefinite future. Failure to cope with this problem now could mean as much as a trillion dollars more in national debt in the next four years alone. That would average $4,300 in additional debt for every man, woman, and child in our nation. To assure a sustained recovery, we must continue getting runaway spending under control to bring &&T I - nationwide following Reagan's The Democrats propose lower interest rates and a new federal board to regulate them; tax repenter, a housewife, a college form through adoption of a prostudent, two farmers, an unemposal by Sen. Bill Bradley, ployed factory worker, two high for a "fair tax law" that includes school students, a union leader, a elimination of loopholes and an retired businessman and a score reduction of tax of House and Senate members rates; and "control" of federal before the cameras to present spending, in part through cutting their programs and their hopes for the defense budget. the nation. The Democrats proposed heavy The students and workers proinvestment In research and develvided the criticism of "failed" opment, training of the nation's work forcef rebuilding the nation's Reagan programs, while the lawmakers proposed the Democratic highways, bridges and other public solutions. facilities, energy "Over the past two years, the by 2000 and a strong military plus Democratic Party has offered a a mutual and verifiable reduction positive and realistic alternative, in nuclear weapons. but the story was missed because They cailed for a "tough" trade the failings of Reaganomics bepolicy, but not protectionism e news and our. against foreign goods, putting came alternatives were pushed to the) Americans back to work but no back page J' said Rep. Tony' massive public works jobs prochairman of the gram, and mutual arms reduction Coelho, party's House campaign commit- but not a nuclear freeze. ' tee. Party spokesmen said there is 1 speech. The Democrats paraded a car- across-the-boar-d half-ho- dozen working men and women, the opposition party responded to Reagan's State of the Union message Tuesday largely with their alternative proposals. After dismissing Reagan's economic program as a "gamble that failed," the Democrats sought to reverse what they believe is the public perception they only criticize, and have no ideas of their town. "We think, frankly, it's time we 3ut up or shut up," Sen. Joseph said in introducing Biden, 2he Democratic response carried jm network television and radio ' no indication how much the Demo- cratic program would cost because the price tag of each aspect would have to be figured out as legislation is introduced. They said the policies were developed jointly by the House and Senate Democratic leadership, but individual proposals do not necessarily represent party position. Coelho said the program dealt with Democratic alternatives "because our polls have concluded people don't believe we have alter- natives." Nielson Pats Reagan's Back In State of Union Message By JEFF MAPES Scripps League Newspapers - today Rep. Howard praised President Reagan's State of the Union message and said he would support even stronger cuts in government spending. ; "I thought it addressed the prob-lem- s WASHINGTON Nielson, quite well," Nielson said, Padding that he "certainly" supports ;Reagan's proposal allowing overall to rise no overnment !aster than thespending rate of inflation. "I would cut even further than the president suggests," Nielson explained, saying he thinks govern-;mespending should not rise at all in the 1984 fiscal year. I Other members of the Utah congressional delegation had similar reactions. : "The president really hit the nail on the head. Seventy-eigpercent of the federal budget is running out lot control," said Sen. Orrin Hatch. nt ht "We definitely need to put a freeze on federal spending," added Rep. Dan Marriott. "I think it's absolutely necessary we send the proper messages to the private sector to help us keep those interest rates down and keep the inflation rate down." However, some of the members did have doubts about parts of the Nielson, however, said he had no criticisms to make of the president's program. He said he would support a tax increase in 1986 if there still is a huge budget deficit. Jake Garn, S JJM tor AVOCADOS FfomCaMernin TOMATOES 19' lytbecap CARROTS LEMONS OMictekk ii swiss . I CKIESE POT ROAST tie Cirt, fe DEEF ROAST 89 ... 1M CEEF ROAST .1" Center Cut, lb. ReaiM Done, lb. . . LEAN OF DEEF Juicy choice arts, nV. LOCKER DEEF USDA CMct, Qlt & VrTflM4 lb ....I,19 1 05 I e e SNACK DAD N. IAVERI hypnotism SATURDAYS SUBSCRIPTION at HJ.C. 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Sen. Smw i At one point in the program House Speaker Tip O'Neill appeared on the screen, saying, "We're not gbing to dwell on Social Security," an apparent indication the issue is no longer political now that a bipartisan proposal ,. CAULIFLOWER tHl has been developed to save the financially troubled system. But then after dwelling on Social Security for a couple of sentences, O'Neill concludes, "We'll continued to stand behind it as we did in the past." The slickly produced Democratic response cost the party 1120,000, compared to $75,000 the party spent on its television response a year ago. front-pag- l., Tbn.-Sa- t. lsV Demoerafs Pushing Their Own Programs DemoWASHINGTON (UPI) crats, largely ignoring what they called the "failed" programs of President Reagan and the GOP, are pushing their own program for economic recovery, a strong defense, nuclear arms reduction and energy independence. television proIn a gram featuring a score of Democratic members of Congress and a Sty Fricti Hartira HEM1 ' those deficits down. If we do not, Jf Z lei the recovery will be too short, unemployment will remain too high, and we will leave an unconscionable burden of national debt for our children. That we must not do. Let us be clear about where the deficit problem comes from. Contrary to the drumbeat we have been hearing for the last few months, the deficits we face are not rooted in defense spending. Taken as a percure. The permanent recovery in em- centage of the gross national prodployment, production and invest- uct, our defense spending happens of what ment we seek will not come in a to be only about four-fiftsharp, short spurt. It will build it was In 1970. Nor is the deficit, as carefully and steadily in the months some would have it, rooted in tax cuts. Even with our tax cuts, taxes and years ahead. In the meantime, the challenge of as a fraction of gross national government is to identify the things product remain about the same as we can do now to ease this massive they were in 1970. The fact is, our deficits come economic transition for the Amerifrom the uncontrolled growth of the can people. The Four-Pa- rt Budget Plan for budget for domestic spending. DurEconomic Growth ing the 1970's, the share of our The federal budget is both a Continued on Page 3. symptom and a cause of our eco wool lowest JptKM! 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