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New Braunfels Herald-Zeitung (Newspaper) - June 26, 1983, New Braunfels, Texas HvraldZtituns Dave General Manager James Kjilpatrick A Milliondollar debt is not much of a legacy Th e trouble with writingabout the natio nal debt one anyhow Is that the figures Cannot be transl ated into mental With some we can imagine figures that ai e only In the millions We can visualtte a summers attendance at ballparfcs we can see millions of Boovieg or millions of bushels of Once we get into the mYnd tieBins to To talk of trillions is to lose an audience Nobody can imagine a on any Nevertheless we musit Last mont Congress gave us a new pietna nentceiling of trillion on the sta ttitory The rold limit had been ft W but that was a Smithsoi lian kind of meant to be hosued In a museum of The new liimit will carry our govern ment throtjgh the end of the fiscal year in If there is any good news about the statutory let me give it to you Our current trilliondollar debt equals 37 pe rcent of the years gross national That may seem but at the end of World War II the federal dobt of billion actually exceeded a GNP of As recently as the percentage was In this the current national debt Is not grossly out of line it is about whe re it was 10 years There is another cheerful item which I bring to you courtesy of Bruce director of the House and Senate Joint lEconomic 10 years ago today 1 t I m A fittftnO Assurances were ghjcn Monday to the District by Comal County Comm tesioners Court that they will approi iriate for him to hire an assis Bill who is ted with Reagan and I has been recommended for tho post by District Attorney Richard 1 The circuitous c urse of the New Braunfels ISO trust ees1 confrontation with Pete Hendricks took another startling tut last Thursday morning the trus tees voted to dismiss all charges ag ainst Hendricks and reinstate the de posed superin tendent for the remain ng two years of his Board Pr esident Melvln Jochec gaveled the hei iring to then announced the hea ring would go into executive orty minutes later trustees returned t nd Bob Sohn offered his Commissioners Court hi homestead tax exemptic the amount of for norm owners 65 years old and The action is effective next year and will be reflected on tax statement in Oc It would take a book to em unerate the changes that have in the agriculture p rogram during my 35 years with the pr said Adolph retiring County Agricultural Stabilization Conservation Ser vice ASCS rcounty executive It sure doesnt look like a but the rustic building blends in beautifully with thie hilly landscape around Less than six months after opening for b usiness in a tem porary structure noxt Canyon Lake Bank has moved to its per manent sqUarefoot home located on a Harrison Preston is chairman of the Ben Shefman and Don Frltsche were named to fill vacancies on the city Planning and Zoning Commlsilon by City Council Monday Shefman will fill the tinexplred term ofMenan Fritsche replaces Frank Jftj fuytfttftf Tex Veary has been ap pointed acting director of public works for the effective City Manager Jim Heslter announced He suceeds Hut Greenwood who has resigned to accept a position with the State of 25 years ago today Lower electric rates for New Braunfels are expected to go into effect July I after a new ordina read for the first time in City ncil meeting passes its thiird The lowered for fourth time in 15 will appear on the statements due August 10 If ti he ordinance passes as A proposed budget for the 19585 9 school year In the New Braunfeh i Independent School District was given to board members for study Monday The proposed totalling shows the district running in the red next year to the tune of A bid of for the construction of a new National Guard Armory in i New Braunfels was approved by the Armory Guard in Austin last Thur according to Major General Carl Commandant of the 6th Division and a member of the Armory Bracken Methodist Church has been named Rural Church of the Year for the San Antonio Methodist Church Southwest Texas Selection was based on the total program of the improvements and Intake of mem The has served the Bracken church since William local school was installed as deputy district governor of Region District Lions at the districts annual convention in A contract for construction of the access road to Canyon Dam site apparently finally will bo awarded this according to word from the Fort Worth District office oif the Army Corps of In bid openings for the north access a jloint bid of by Dewey Fischer of New Braunfels and Bart Moore of San Antonio was a year and a day after the original suit was filed by a group c f Goodwin and Solnufclttaeikt against Comal County Rural High School D and County School the Supreme Court of Texas held a he aring to determine finally whether or not the charges should be dia missed or tried on the The higl courts opinion is expectod to be ham tied down in the next two 50 years ago today The government owes almost a third of the debt to The Federal Reserve the mythical Social Security Trust Fund and other agencies own about 300 billion in federal Bartlett this is the equivalent of taking money from one pocket and putting it in We could wipe out over 10 percent of the federal debt overnight simply by canceling bonds already owned by government This would have no economic effect and might make people feel that the debt is less of a burden than they thought it Forget the cosmetic In a brief report on our total national Bartlett provides some mindboggling The statutory great as it Some 200 Comal County cotton farmers were present at a meeting at the Court House Monday where Wageofuehr and members of the committee explained the whereby the government would rent cotton lands in an effort to curtail The AS announced Wednesday by the com have been very contracts for the destruction of only 3QP acres having been represents only a small fraction of the governments total Most persons are only dimly aware of the offbudget debt represented by loans and loan but economically these obligations affect the credit market in the same way that statutory debt affects Piled on top of the statutory debt and the offbudget debt are enormous contingent chiefly in our promises to pay retirement and disability benefits and insurance The figures for these contingent liabilities are not widely says and understandably If the general public were fully aware of their liability as taxpayers to pay for extravagant promises made over the years by their elected they might be very At the end of the last fiscal for one the Social Security system had an unfunded liability of Military retirement benefits of billion eventually must be Insurance com mitments are estimated at Taking everything the government meaning all of us has loan insurance outright debt and unpaid bills amounting to To be many of the insurance liabilities and loan guarantees may never have to be and in any literal sense the government is not about to go Even says it is disturbing that the federal government is accumulating liabilities of such massive We may be Imposing on unborn generations tax inflation at the very political dilemmas of great size as hard choices must be made between the cancellation of implied promises and contracts made years earlier and the threat of taxes or monetary policies which could destroy the What are we leaving to our children It is a question that con cerns many individual households as older persons reflect upon own As a we are leaving to our children a prodigious burden of debt that we rolled and they will have to Ten wouts were advanced by the Board of Review which was held in Un High School auditorium last Monday Curt feifBidt wit chairman of the ScouU advanced included Clinton Msad Jf Harold NvK Arwoad Henry HfMi AlfrN All stores will bo closed in New inext Tuesday in ob servance of Urc fourth of when a magni tude of visitors are expected to gather here to enjoy the elaborate preparation and natural facilities for the celebration of a glorious A cannon isalvite from Main piaia at 6 vUll open the to followed by a racei by the band dances ai id a grand fireworks AUSTIN TUM campaign en repeal of ta proWlbltten amendment and legalisation of percent blew wti ffcrtri today when pro wnf nta and opponent hf Id rival convt mUonj Jack Anderson CIA wants an explanation about Israeli behavior A faction in th CIA admittedly a minority believes the Israelis are setting the stage for a preempted attack on In their this would explain Israels repeated scare statements about Syrian missiles and other supposed indications of warlike intentions by the One secret analysis charges that the Israelis deliberately exaggerated the success of their weapons last year against the Syrians Soviet equip If this is the question is why One example is the press report allegedly dependent on Israeli military sources which touted the Israelis as having a great new anti tank weapon that cut through the Soviets topoftheline T72 tank like so much But several Pentagon sources late last year began disputing the existence of any radically new antitank These sources suggested that the Israelis success against the Syrians in tank battles in Lebanon was due not to some magical new but simply to the Israelis superior tactics and electronic warfare The secret minority opinion by the CIA skeptics for that close examination of the fratures the damage that disables Syrian reveal that they were probably not the result of in direct The big of is why the Israelis want to make their vic tories over the Syrians Soviet weapom seem even more spectacular than they The secret da minority opinion shown te my Ron McRje and Dale Van that up thf value of technology puts Jerusualem in a better bargaining position with the United whcih presumably would welcome any evident thnt Soviet weaponry is On a more devious the maverick CIA analysts suggest by hyping their military superiority over the the Israelis hoped to sucker the Kremlin into supplying Syria with higher grade Soviet This would give Israel justification for putting pressure on the United States to counter the Soviet Of this is what has hap though theres no evidence it was an Israeli The Soviets ap palled at the failure of their weaponry in have sent Syria sophlsitcated SA5 surfacetoair missiles with hundreds of Soviet technicians to man That gives Israel a potent argument for more American military But the Israelis have had little to say about a Soviet weapon that should be of genuine concern the Scud surfacetosurface The Scud has a range of about 180 miles and could cover almost all of Israel from southren According to the CIA its almost as if the Israelis dont want to let the Syrians know what really bothers Jerusalem is focusing on the which is less dangerous to Israel but more valuable as a political weapon to use on the Reagan FTC watch Interior Secretary James Watt caused i Minor Hurry when it was that he of prospective appointees over to the Republican National But hes not the only administration of ficial who wants a second opinion on his Federal Trade Com mission Chairman James Miller an identifiable George Bush man has taken to sending prospective em ployees over to the White House personnel office for a chat with Dennis the 2 for political An FTC spokesperson had no house government operations subcommittee is suspicious about FTC Chairman Millers attempted reorganization of the agencys regional Subcommitee members wonder why Miller had left so many regional director positions and thought maybe it was a deliberate attempt to sabotage the agencys operations and justify budget Executive memo The Information Agency has come under fire for hiring children of Reagan administration At the same the agency is not allowed to hire relatives of USIA Asked about a USIA spokesman Its two different One does not exactly apply to the if at Among the hundreds of pages of gossip and accusations concerning the late Albert Einstein back in the 1950s were two letters forwarded to then FBI Director Edgar Hoover by the nations 1 chatterbox Walter The fasttalking gossip columnist sent Hoover letters in 1950 and 1951 containing derogatory scuttlebutt about the Nobel Prize winning Your representatives Lloyd United Sutit Room 240 RuMnll Building 20610 John Towif Unltfd Stint StnMf Room 142 Ruuoll Building 20610 Houftol 1212 Longworth Hoviti Building Murk Whlu Office Room 200 Capliol 78701 Edmund of RiprtunutlvM 71789 John Ccpltol Station 71711
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