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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jan 25, 1977
Page
2
The passage argues municipalities will bear the tax burden while county and state levies rise in 1977 to support education. It notes spiraling education costs amid declining enrollment and warns State taxpayers face increased costs, urging caution about the burden.
Department of Education releases dense documents and graphs to persuade readers that individual tax shares are small until a new revenue need arises. The narrative suggests taxpayers become pivotal only when funding is required.
Ex Treasury Secretary William Simon warns private briefings of a false economic pickup, rising oil prices, and fragile Western debt. Reports flag four red risks including heavy borrowing, sustained inflation, weak production investment, and potential orderly slowdown in 1977 with growth slipping to 3 5 percent and inflation remaining high. Britain Italy and Portugal cited as cases of plunging exchange rates and austerity steps amid stagnation.
The piece contrasts Jackie O Malley and Jackie Onassis to show that clothing budgets appear sane only when viewed as a share of after tax income. It argues 10.1 percent of after tax dollars spent on clothing stays constant across incomes, making absolute amounts misleading. It cites Dr. Walter W. Heller criticizing economic miseducation and misleading policy debates.
Summary cites myths and realities about federal spending and debt, arguing that percentages of GNP and deficits are misunderstood. It notes 20 to 23 percent of GNP spent by government since 1953, debt at about 28 percent of GNP, and that deficits largely reflect recession and external shocks rather than profligacy, urging balanced perspective on U.S. economic strength.
Paul Harvey advocates accepting calculated risks with nuclear power while noting long construction times and regulatory obstacles. He cites energy mix, safety fears, pollution goals, and historical references to Edison and electricity, urging acceptance of proven needs amid partisan state legislative imbalances.
The piece notes the shrinking power of party majorities in state legislatures with only New York’s Senate in Republican hands among large states. It recalls that historically legislatures have fed national talent, with about two of every three current U.S. Congress members once serving in state legislatures. It hints at early efforts to establish a formal system.
A reader laments vulgar TV depictions of presidents including Truman and Nixon and calls for public pushback on censorship as Alaska considers unicameralism while Pennsylvania lawmakers challenge executive control of funds and agency rulemaking.
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