Social Security Crisis Warned by Prudential Chief
Donald S. McNaughton criticizes U S Social Security as financially unstable and reliance on rising worker taxes to fund growing benefits. He cites past ratios, projected 2025 trends, and argues legislation will raise prices and inflation while funds sit unused in the Treasury.
MENTIONED IN THIS ARTICLE
Congress
Congressional
Prudential Insurance Co
Donald S. McNaughton
McNaughton
New York Times
House
Senate
Social Security Administration
Treasury
IRS Policy Taxing Meal Allowances Banner Chief Burden
Washington report notes that the Supreme Court upheld IRS rules taxing a $.40 per meal allowance paid to a New Jersey highway patrolman, with a 7-2 decision. Critics call the ruling unfair and warn broader tax consequences for low and middle income workers across states and industries.
MENTIONED IN THIS ARTICLE
Ay Ron Hendren
Washington
Supreme Court
Heverine Service
New Jersey
U.S
Warren E. Burger
Robert J. Kowalski
IRS
Uncle Sam
Sans Souci
Isy2cero Witeses Ete Sa
Sceca Messerge
Carter and Co
Martin
Sam
Robert J. Kowalskis
Europe
Latin America
Capital Fare Relations With China
Washington debates full diplomatic ties with Peking amid espionage fears. Neutral diplomats pose risks, while Chinese and US envoys would expand spy networks and counterintelligence demands. The piece cites past figures and cautions that even observers may act as informants or spies.
MENTIONED IN THIS ARTICLE
Andrew Tully
Washington
Balderdash
China
Peking
United States
Pentagon
FBI
FAI
Stig Wennerstrom
Soviet Union
Wennerstrom
CIA
Moscow
Allen Dulles
Dulles
Spinks
India
Au Courant
Rochester
N.Y
State Department
Red China
United Nations
1.5
Washington-Peking
Economists challenge Schlesinger on energy policy
In a speech to the American Petroleum Institute James Schlesinger attacked oilmen as exaggerating and paranoid. A NYT ad from 47 economists led by Economists For A Responsible Energy Policy accused Carter’s plan of a peacetime tax boom and added that foreign oil profits outpace U S producers. They urged free market critique over bureaucratic controls.
MENTIONED IN THIS ARTICLE
Anthony Harrigan
American Petroleum Institute
James Schlesinger
Carter
Schlesinger
Nobelaureate
Milton Friedman
New York Times
White House
Stanford
Arnmouth
Brown
Yale
UCLA
University of Virginia
University of Chicago
MIT
Department of Energy
America
Sichestinger
Congress
Washington Journal Touts Strauss Influence On Carter White House
James Carv discusses Hubert Strauss rising from Democratic chairman to Carter administration adviser and trade negotiator. The piece highlights Strauss's insider role, cross-agency access, and influence on labor, trade, and legislative strategy during the 1970s presidency.
MENTIONED IN THIS ARTICLE
James Carv
Cm News
Washington
Hubert
Bob’' Strauss
Carter
Jimmy Carter
White House
Georgia
Strauss
Texas
Charles Kirko
Atlanta
Mr. Carter
State
Treasury
Dallas
Treasury, State, Agriculture, Labor and Commerce
Council of Economic Advisers
Wade
U.S
Economic Policy Group
United States
Taiwan
Korea
Japan
Edad
Capitol Hill
The Return of Nixon Seen in Global Contrast
Washington writer Kevin P. Phillips notes Anwar Sadat's Cairo visit as a backdrop to a broader Nixon resurgence. He compares Nixon's mid 1974 strength to Carter's faltering diplomacy, cites NBC polls and columnists, and argues Nixon's political comeback hints at lasting impact despite Watergate era upheavals.
MENTIONED IN THIS ARTICLE
Kevin P. Phillips
Washington
KFS
Anwar Sadat
Israel
Cairo
Egypt
Richard Nixon
U.S
Nixon
Golda Meir
Jimmy Carter
Middle East
Africa
Henry Kissinger
John Q. Volar
United States
NBC News
CIA
Justice Department
Ramsey Clark
Nicholas Katzenbach
John F. Kennedy
Bobby Baker
Lymon Johnson
FBI
Bert Lance
Canada
Pierre Trudeau
Christian Science Monitor
Godfrey Sperling
Midwest
Jack Germond
Jules Witcover
NBC
Ronald Reagan
Robert Nisbet
Watergate
Dreyfus
King Features Syndicate, Inc
Syndicate
Ing
Pledge of Allegiance Language Snippet
A reader shared a variant of the Pledge of Allegiance text claiming allegiance to the flag of the United States of America and to the republic for which it stands. It references one nation under God indivisible with liberty and justice for all.
MENTIONED IN THIS ARTICLE
United States of America
Also Mentioned on This Page
Montgomery Ward
Exxon
Woetil
Iverson
Maris
The
Washington Journal
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