age 6 THE BATTALION
TUESDAY, JANUARY 29. 1980
T
nation
SCarter sends Congress proposed budget
>o
IR
c
1
E
I
V
[j
l
United Press International
WASHINGTON — President Car
ter Monday sent Congress a $615.8
billion 1981 budget designed both to
strengthen U.S. defenses in “an un
certain and sometimes hostile
world” and to press the inflation fight
at home.
The proposed budget — to a large
extent Carter’s platform for re-
election — calls for cutting the feder
al deficit to $15.8 billion (the lowest
in seven years) and $50 billion less
red ink than when he entered the
White House.
Aside from increases for defense
and energy, a new $2 billion youth
employment program and housing
subsidies for the poor, the package
contains few new proposals.
“We are taking the prudent course
of keeping an austere posture be
cause of the tremendous clear and
present danger of inflation to the
well-being of everyone,” Treasury
Secretary G. William Miller told re
porters.
The budget proposes no tax cuts
for individuals or business during the
coming year.
Charles Schultze, chairman of the
president’s Council of Economic
Advisers, said that with inflation con
tinuing and a long-forecast recession
not quite here, tax cuts would risk
stimulating inflation and imbedding
it so deeply in the economy “it would
take years and years and years to
drag it out.”
But Carter said that if the eco
nomy worsens "significantly” he will
consider tax cuts and temporary job
programs. Whether taxes should be
cut and when is expected to be a
major debate in Congress.
Carter called the budget — which
applies to the fiscal year starting Oct.
1 — “prudent and responsible” a
“strategy of restraint.”
The budget is based on predic
tions of a mild recession in the first
half of this year an increase of 1.6
million persons without jobs, bring
ing the jobless rate to 7.5 percent
and continuing double digit infla
tion.
It forecasts consumer price rises of
10.4 percent during calendar year
1980 compared to 13.3 percent dur
ing 1979.
The Pentagon would get the fat
test increase — proposed expendi
tures of $142.7 billion in 1980, a $15
billion increase and a 3 percent
★★★★★★★★★★★★★★★★★★★A-
* M
*
*
*
*
*
*
*
*
!RHYTHM GUITARIST*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
★★★★★★★★★★★★★★★★★★★•A
AND
PIANIST
NEEDED FOR
REVELIERS
If interested, contact
Vocal Music Office
MSC, Rm. 003 845-6942
■ DISCOVER THE BEST WAY
TO LEARN TO FLY.
TAKE A DISCOVERY
FLIGHT... FOR ONLY$10!
The Cessna Pilot Center system represents the best way
in the world to learn to fly. It blends just the right
combination of ground instruction with actual flying time in
just the right sequence to reinforce theory with practice!
Take a Discovery Flight and find out for yourself! Only
$10.00 will let you fly an airplane yourself under the
guidance of a professional Cessna Pilot Center
Flight Instructor.
And ask the folks at Brazos Aviation about receiving college credit for
completion of their course.
“real” increase over inflation.
The money would be used to de
velop a new land-based intercon
tinental missile system the MX; bols
ter NATO forces and improve the
U.S. ability to deploy forces in other
parts of the world.
“The uncertain and sometimes
hostile world we live in requires that
we continue to rebuild our defense
forces,” Carter said.
“The United States will continue
to seek peaceful means to settle in
ternational disputes,” he said. “But I
cannot ignore the major increases in
Soviet military spending that have
taken place. . . I cannot ignore the
implications of terrorism in Iran or
Soviet aggression in Afghanistan. ”
Between 1981 and 1985 he prop
osed defense increases totaling $90
billion.
The president said he would prop
ose 1980 supplemental appropria
tions to increase foreign economic
and military aid in response to the
Soviet invasion of Afghanistan.
And he said the government will
spend $2 billion in 1980 and $800
million in 1981 to protect U.S. far
mers from economic injury caused
by the reduction in grain shipments
to the Soviet Union because of
Afghanistan.
In all, Carter proposed a $52 bil
lion increase in spending between
1980 and 1981. About $37 billion of
that will occur without the govern
ment lifting a finger — through
largely uncontrollable outlays such
as interest on the national debt and
benefits to individuals that are heavi
ly affected by inflation.
He proposed increases in spend
ing above levels needed just to keep
up with inflation in the areas of de
fense, energy, youth employment
and subsidized housing for the poor.
The rest of the budget largely
would be held level or reduced.
In the field of energy Carter prop
osed $8 billion in spending an in
crease of $400 million on already
announced oroerams to reduce the
nation’s dependence on foreign oil,
develop alternate sources of energy
and encourage conservation.
He proposed shifting emphasis
from constructing advanced nuclear
power reactors to increasing efficien
cy and safety of existing ones.
The one major new domestic in
itiative contained in the budget is a
proposed $2 billion two-year prog
ram to provide employment training
and basic education to help as many
as 500,000 disadvantaged youngsters
become employable.
In other human resources prog
rams, Carter proposed a 24 percent
increase in subsidized housing and
the same percentage increase in
elementary and secondary education
programs for the disadvantaged.
He proposed keeping the federal
government’s $6.9 billion-a-year
general revenue sharing program for
state and local governments and
creating two new programs, totaling
$1 billion in 1981, to provide fiscal
aid to local governments to deal with
the effects of rising unemployment.
To help spur the efficiency of the
economy over the long run, a key
part of reducing inflation, Carter
proposed a three percent real in
crease in funds to support basic re
search.
The budget contains two main tax
changes. One is Carter’s proposed
windfall profits tax designed to pre
vent oil companies from reaping un
fair profits from decontrol of oil
prices. Carter said this should bring
the government a net $13.9 billion in
1981.
The other, while not increasing
corporate taxes, would require com
panies to send the government on a
faster schedule the money they with
hold in payroll taxes — a change
which would increase 1981 receipts
by $4.5 billion.
As for a tax cut for individuals,
Budget Director James McIntyre
told reporters, “With inflation at
double digits, with unemployment
remaining fairly stable, it did not
make sense to take an action which
would stimulate the economy and
exacerbate inflation.”
Kennedy blasts Carter’s policies;
vows to continue presidential bid
United Press International
WASHINGTON — Mas
sachusetts Sen. Edward Kennedy,
seeking to revitalize his slumping
presidential campaign with a drama
tic speech, Monday called for im
mediate gasoline rationing and price
controls to halt inflation.
In a wide ranging response to
President Carter’s State of the Union
address, Kennedy, at his speech at
Georgetown University, said he
opposed the administration’s prop
osal for draft registration.
Kennedy also said that he opposes
sanctions against Iran for holding
American hostages because it will
only “propel Iran toward the Soviet
orbit.”
Kennedy questioned whether the
Soviet invasion of Afghanstan is the
most serious threat to world peace
since World War II, and while he
said a strong response is warranted,
he cautioned against policies which
would permanently antagonize
Russia.
Blasting what he called the failure
of Carter, and calling him a Republi
can president who ran under the
Democratic Party label, Kennedy
vowed to carry on his battle for the
White House despite setbacks in the
Iowa caucuses and a lack of campaign
funds.
Kennedy’s aides said he was reluc
tantly proposing gasoline rationing
and wage and price controls because
Carter’s policies had so damaged the
economy that only such dramatic
steps would halt inflation and end
the nation’s dependence on foreign
oil.
“Inflation is out of control,” he
said. “There is only one recourse; the
president should impose an immedi
ate six-month freeze on inflation —
followed by mandatory controls as
long as necessary—not only on price
and wages, but also on profits, di
vidends, interest rates and rents.”
Kennedy said only immediate
gasoline rationing —- that he said
would reduce consumption by 24
percent — would “cure our addic
tion for foreign oil.”
“Under a Democratic president
we have had three more years ofRe-
publican inflation, three more yean
of Republican interest rates and
three more years of Republican eco
nomics,” Kennedy said.
On Carter’s draft registration,
Kennedy said, "I oppose registration
when it only means reams of compu
ter printouts that would be a paper
curtain against Soviet troops.”
He said registration would only
save 13 days in event of a mobiliza
tion, and it would still take sii
months to train American troops.
He said Carter’s failure to take
strong action against Soviet troops in
Cuba encouraged Russia to invade
Afghanistan. He proposed a unified
reaction against the Soviets witk
NATO and Japanese allies alongwitk
a strengthened American naval and
air force presence in the area, and
increased military, economic and
political assistance to friendly Mid
dle East nations.
In Iran, Kennedy said, it appeared
Carter might be pursuing a policy
“that seems headed for a situation of
permanent hostages.”
Campus Crusade for Christ
presents
- ©©LLIdl QJIF
1
I-— 1 .
featuring
• i _ i i
Dick Purnell
HY COUPLES BF
8 pm, Rudder Tower 601
TUES JAN 29 WHY couples break up —
WED JAN 30 HOW TO LIVE WITH YOURSELF
* AND LIKE IT — 8 pm, Rudder Tower 601
THUR. JAN. 31 sex and the search for intimacy —
8 pm, MSC 201
J
Now Better Than Ever. You Will Be Pleased With
MQr These Carefully Prepared and Taste Tempting Foods.
( J Each Daily Special Only $1.99 Plus Tax.
Vtatetena^ “Open Daily”
Dining: 11 A.M. to 1:30 P.M.—4:00 P.M. to 7:00 P.M.
MONDAY EVENING
SPECIAL
Salisbury Steak
with
Mushroom Gravy
Whipped Potatoes
Your Choice of
One Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
TUESDAY EVENING
SPECIAL
Mexican Fiesta
Dinner
Two Cheese and
Onion Enchiladas
w/chili
Mexican Rice
Patio Style Pinto Beans
Tostadas
Coffee or Tea
One Corn Bread and Butter
WEDNESDAY
EVENING SPECIAL
Chicken Fried Steak
w/cream Gravy
Whipped Potatoes and
Choice of one other
Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
THURSDAY EVENING SPECIAL
Italian Candle Light Spaghetti Dinner
r( Mir) SERVED WITH SPICED MEAT BALLS AND SAUCE
Parmesan Cheese - Tossed Green Salad
Choice of Salad Dressing - Hot Garlic Bread
i Tea or Coffee
1
FRIDAY EVENING
SPECIAL
BREADED FISH
FILET w/TARTAR
SAUCE
Cole Slaw
Hush Puppies
Choice of one
vegetable
Roll or Corn Bread & Butter
Tea or Coffee
SATURDAY
NOON and EVENING
v SPECIAL
YanKee Pot Roast
(Texas Style)
Tossed Salad
Mashed
Potato w/
gravy
Roll or Corn Bread & Butter
Tea or Coffee
SUNDAY SPECIAL
NOON and EVENING
ROAST TURKEY DINNER
Served with
Cranberry Sauce
Cornbread Dressing
Roll or Corn Bread - Butter -
Coffee or Tea
Gib let Gravy
And your choice of any
One vegetable
i
Shell Oil reports profit up
38percent from 1978 totals
United Press International
HOUSTON — Riding a fourth
quarter earnings surge. Shell Oil
Co., Monday, announced 1979 pro
fits of $ 1.1 billion — 38 percent more
than in 1978 — but an official said
consumers should not assume Shell
pocketed lots of excess cash.
“Profits don’t buy as much as they
used to,” said Robert C. Thompson
Shell vice president of finance.
“While net income has grown, so too
has investment in our business.
“Without adequate profits we can
neither provide enough of our own
money nor can we attract the outside
investment necessary to meet this
country’s energy needs.”
Thompson said Shell netted 4.1
cents on each of the 24.4 billion gal
lons of refined product and natural
gas converted to liquid equivalent it
sold.
EDUCATION -
Shell s fourth quarter earnings
were $331 million — 72 percent
higher than the $192 million re
corded in the fourth quarter of 1978.
For 1979, earnings totaled
$1,126,000,000— $7.32 per shareof
stock on $14,546,000,000 revenue.
Thompson said Shell spent $2.1
billion on capital development in
1979, including $1.7 billion for oil
and gas exploration. Shell spent an
additional $3.6 billion to buy Bel-
ridge Petroleum Co., a California oil
and gas firm.
He said Shell planned to spend
$2.6 billion on capital development
in 1980 including $1.9 billion to ex
plore for oil and gas.
Thompson and Shell President
John R. Bookout said Shell had no
interest at present in acquiring non
energy companies as some other oil
companies have done.
ARMY WILL HELP
FINANCE YOUR
IN JUST 2 YEARS.
Making it in college? Then hang in there.
But ...if you’ve already decided to leave be
cause of financial pressures, the Army can
help.
Now, if you qualify, the Army’s 2-Year En
listment will offer:
*An Educational Savings Plan so
you may return to college later.
Through the Veterans’ Educa
tional Assistance Program your
contribution is matched 2 for 1.
* A $2,000 Education Bonus.
* Guaranteed training.
* Other benefits.
Sound good? Check if out. The Army’s 2-
Year Enlistment with Education Bonus. Also
available are 3 and 4-Year enlistments with
education bonus.
Call Army Opportunities at
120 Washington Ave., Bryan,
Tx
Ph. 822-1569
Join the people whoVe joined the Army.
An Equal Opportunity Employer