V national Battalion/Page 11 January 20, 1983 irsl Ml "‘ ( «sion,l 11 'I wary cnjjj tconon^B n P that has] • (1 the igsi), 1 it llationai^ the econonffl > v ' x. mm ■ tiendousvotfj (leneral Mm of our Flint igto market i] get car that! market," saj . James McD •aid that witkJ kiick would f mi^bK^High school students who are consider- he tUiirkant I i n R Texas A&M University can get to now Aggieland. Lisa Stevens, a senior Welcome to Aggieland staff photo by Rob Johnston marketing major from Arlington, gives prospective freshman a tour of the Tex as A&M University campus. •JW Former Cabinet officers say sing deficits need to come down Bath United Press International WASHINGTON — Econom ists in and out of government see more reasons to be encouraged than discouraged in the latest re ports of a decline in housing starts and only moderate in creases in the income of Amer icans. The December report on housing starts, which Tuesday showed a 13 percent decline from November, reflected con tinued underlying strength in the construction industry, the Commerce Department said. The 1.22 million housing starts were 39 percent above the figure a year earlier. However, 1982 ended as the worst year for housing produc tion since 1946. In a separate report the de partment measured a 0.6 per cent increase in the personal in come of Americans in Decem ber. Analysts were encouraged that wages and salaries showed some increase instead of re maining stagnant as they did in November. Manufacturing payrolls drop ped, but not as much as in November. The figures illustrated the depth of the recession last year, showing that 1982’s personal in come as a whole increased only 6.4 percent, the smallest adv ance since 1963. The increase in building activity and in housing sales since the middle of last year, de spite the December decrease, means residential construction will be an important contributor to the general recovery which should get under way this quar ter, said Robert Dederick, Com merce Department undersec retary. “Even if starts remain at their November-December average pace, new homebuilding will add about $3 billion at an annual rate to first-quarter real GNP (gross national product),” he said. Dederick predicted this year about a 1.5 million housing units will be started, over 400,000 more than last year. Mark Riedy, executive vice president of the Mortgage Bankers Association, said the re covery lives on and the increase in building permits in December means the trend is upward. The annual rate of building permits, 1,291,000 in Decem ber, was at its high point -for 1982. Administration economic policy spokesman Robert Ortner said of the income re port, “Manufacturing payrolls still declined reflecting a further drop in employment. It was a smaller decline than in Novem ber and wasn’t big enough to offset the gain in service indus try and government payrolls. “We should continue to see improvement as employment turns up,” he said. SKI WINTER PARK COLORADO MARCH 11-14 COST: $200 plus 6 meals (price includes transportation, lodging, ski rental, lift tickets, and 6 meals) TRANSPORTATION: chartered bus r LODGING: YMCA of the Rockies (hotel type accommodations) I $50 deposit (NON-REFUNDABLE) RESERVATIONS CLOSE FEB. 4!!!! For further information and reservations come by the Bap tist Student Union, 201 N. Main (behind Loupots) 1 !'; l! ACACIA TS United Press International ■WASHING ION — Three ry Facilities former Cabinet officers said toCamptl! Wednesday high' government p g us Rou]j deficits will come down only by dealing with interest rates, milit- arv expenditures and govern- CDCI ment benefit programs. I |1 El Peter Peterson, former Com merce secretary under Presi- 305/mO. dent Nixon, W. Michael 320/mo. Blumenthal, former Commerce 345/m0. secretary under President Car- . ...iir. and John Connally, former r /wa8h»rift-r easUry J ^cretary under Nix on, said they shared the blame 6 or 26041 for the defecits on ABC’s “Good Morning America” program. I “What is striking and f right ening about these deficits is that they will occur even if the eco nomy grows in the next three years,” Peterson said. I But Peterson said he is not pointing fingers at the adminis tration as the cause for the eco nomic woes. H “Many of these programs were launched 10 years ago, 15 years ago, 20 years ago and more, back when we were in ©ower and we share in the ijame,” he said. JESUS IS LORD Sunday Services: Sunday School 9:45 a.m. Morning Worship 8:30 a.m. 11:00 a.m. Evening Worship 6:30 p.m. ALDERSGATE m’ UNITED METHODIST CHURCH & Blumenthal said that over the years, “We have added a lot of benefits, we have indexed these programs to the consumer price index and that has resulted in really uncontrolled conditions into the benefits that are paid out and there is a very major gap.” Connally said, “We think that you have to really address the structural Social Security prog rams and the entitlement prog rams. You have to deal with that.” Connally also said defense expenditures must be cut by $25 billion a year and there should be an additional $60 billion in taxes. “We think we have to raise an additional $175 billion in the 1985 budget in order to bring the deficit down to where we still have a $175 billion deficit,” he said. Peterson said the “non means tested entitlement prog rams — Social Security pen sions, military pensions — have not only been cut much less, but they’re nearly five times larger than the so-called poverty prog rams. And fairness dictates, we think, (that) those programs share in the burden now.” BUY. SELL,TRADE OB BENT THBOUOh THE rk-MIdLH-jrTR £p$ll*6tf % irXrst-tw-'k Haw Iw (US: ®^51 "ft IF?™ ; tmer. wta Cm\ - D*a&cVc, TUWPOWH Iw Tt® : Kwvx e 'KjE&CAfe- WTH 'fix, WWZJc. C*u;. low ft WVi-lhln Iee. e iho * - - - — * THE EPISCOPAL CHURCH WELCOMES YOU St. Andrew’s Church 26th & Parker Downtown Bryan Sundays: 7:30 a.m. — Holy Communion 9:15 a.m. — Family Eucharist 11:15 a.m. —Holy Communion new Sunday Evening 7:30 p.m. Evening Eucharist In the Parish hall Casual Dress O.K. All are Welcome 7 announces their ~ SPRING RUSH PARTY Thurs. Evening January 20 8:00 p.m. Elks Lodged * ‘ For more information Call Clyde 693-3449 or Paul 260-4296 FOUNDED IN 1904 VX-XL-X Back to School Special Now Open! HARGETT'S Family Smokehouse Featuring: • Bar-B-Que • Beer • Atmosphere “German Potato Salad ^ and homemade Beans - too!” * Where Everyday ^ N Pharmacy Lamp Available in Polished Brass Finish. Adjust 37" to 54" high. $3995 Lollie Pop Lamp Available in Polished Brass finish. Orange, Yellow, Green, Murano cased glass. $ 29 95 693-7895 Fort Shiloh Place College Station * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 779-2135 ;s # 4 y? 7 "t'V 7.2 **************************** A Lecture The Other on the Middle East Side of the Coin by A Guest Speaker from Washington, D.C. Topics include: 1. Palestine and Lebanon 2. The Imposed War on Iran 3. Russian Aggression in Afghanistan - u. Time: 8:00 p.m. - Friday, January 21,1983 Place: Rudder Tower - Room 301 Free Admission Sponsored by: The Society of Iranian Students (MSA-PSG)