03 Feb 1975
Page 1
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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Feb 03, 1975
Page
1
President Ford urged Congress to approve a $52 billion peacetime deficit for 1976 as recession lingers. The plan calls for $349.4 billion outlays and $297.5 billion receipts, with tax cuts and a $30 billion energy program, plus defense rises to $94 billion.
The Associated Press market basket study shows sugar and egg prices fell in January 1975 across multiple U.S. cities as refineries cut sugar prices amid oversupply. The survey of 15 items in 13 cities found average January declines around 3 percent with overall family bills down slightly, while egg prices dropped about 10 percent and pork chops rose in January in 11 cities.
The Ford administration warned of a deeper recession with unemployment averaging 8.1 percent in 1975 and inflation around 11.3 percent. GNP would drop 3.3 percent, and recovery would be slow through 1976 with unemployment easing only gradually thereafter.
United Auto Workers President Leonard Woodcock predicts car sales will return to the 1973 peak before 1980 though growth will slow. He warns Chrysler and GM layoffs may cause substantial local suffering as SUB funds deplete this spring and benefits lapse.
Staff writer Christopher Couch argues for new Maine laws noting gaps in legislature. The piece lampoons bills needed to regulate society and proposes a humorous law making it illegal to laugh at someone stuck in a pay telephone booth.
A satirical gallimaufry mocks reform ideas including banning dealer ads, capping doctors golf, seizing unprofitable counties, expelling truants, and turning Old Orchard Beach into a state ward. Other proposals touch daylight saving, minors buying alcohol, racetrack revenue sharing, licensing “concerned citizens,” and auditing lottery winnings.
A lighthearted note from Changing Times jokes that distinguishing a minor operation from a major one becomes hard when the bill resembles a large charge.
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