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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Bemidji Pioneer
Location
Bemidji, Minnesota, United States of America
Date
Dec 02, 1975
Page
4
The piece argues cash accounting hides true federal indebtedness and favors accrual accounting. Arthur Andersen calculated a much larger debt and deficit under accrual methods, prompting questions about whether current budgeting reveals the nation’s financial problems.
The article details Minnesota’s looming budget pressures amid shrinking federal aid and uncertain projections. Governor Wendell Anderson signals nervousness about future costs and revenue estimates, urging careful prioritization of high needs like education and the handicapped while exploring revenue options and greater local fiscal responsibility.
A Washington humor piece portrays CIA officials debating covert options to eliminate Santa Claus, including poisoning, theft, and a tape threat. The mock dialogue centers on contingency plans, mail interference, and a bribed Mafia hit, ending with a grim punchline about a taped confession.
Peter M. Pederson recalls Bemidji high school football champions of 1920 and a 1925 era basketball squad linking to Bagley players who joined Bemidji for a road game. He notes the Bemidji crowd’s reaction and players like Stedman and Bugge in a vivid reminiscence from 55 years prior.
Rep. Phil Crane introduces the Federal Budget Sunshine Act of 1975 to shift federal budgeting from cash to accrual accounting. The move, supported by 30 lawmakers, would require consolidated results on an accrual basis, revealing liabilities and true deficits per Andersen projections.
Carl Seemann of Bemidji argues that widespread No Trespassing signs shrink wilderness and hurt locals. He criticizes urban buyers who gate land and complain about taxes, preferring that land stay in local hands and welcoming decent behavior on property.
The Pioneer invites letters to the editor and outlines submission rules. Letters should be under 300 words, may be edited, must be signed with name and address, unsigned letters will not be published, and withholding names is allowed only in exceptional cases. Mail or deliver to the Pioneer Bemidji. Opinions of writers need not reflect Pioneer views. The paper may reject unsuitable letters.
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