Carter's 1979 Budget Proposes $500 Billion Spend Plan
President Carter asks Congress for a 1979 budget totaling 500.2 billion with 25 billion in tax cuts and increased spending on defense energy and education. Critics say the deficit would reach 60.6 billion with receipts about 439.6 billion. Supporters urge restraint to curb inflation and protect growth.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
Robert N. Giaimo
D-Conn
House Budget Committee
Giaimo
Carter Budget Seeks Social Security Growth With Eligibility Cuts
The Carter administration proposes a 1979 federal budget with more than one-fifth of $500 billion for Social Security payments to about 35 million retirees and disabled workers and families. It includes eligibility changes to save roughly $513 million in 1979, such as delaying benefits, cutting retroactive payments, and capping student dependent support, whileMeals and elderly programs are kept flat. The plan targets aging costs, noting 24.4 million seniors next year and ongoing poverty among the elderly.
MENTIONED IN THIS ARTICLE
Washington
Congress
Carter
Department of Health, Education and Welfare
Peggy Seeley
US Conference of Mayors
HEW
Joseph A Califano Jr
Budget asks half trillion dollars in Carter plan
New York AP report outlines President Carter’s budget seeking more than 500 billion dollars. The piece emphasizes the sheer scale with figures and hypothetical global implications for distribution and impact.
MENTIONED IN THIS ARTICLE
New York
Carter
Indianapolis grain prices wrapup by commodity
Indianapolis area grain prices Monday at elevators show corn white shelled No 2 at 1.94 to 1.98, No 1 at 1.81, oats No 1 white around 1.5, soybeans No 1 yellow 5.3 to 5.45, No 1 at 5.23, wheat No 2 soft red 2.49 to 2.42.
MENTIONED IN THIS ARTICLE
Indianapolis
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Ws LY Brockway Glass
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Paetiake
Caesar
Penn Pow& Light Caterpilar
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Ihe BastUul Assnzie
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StandOilind
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Firestone Ib
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Texaco
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Texas Gulf
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Muncie
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