Editorial Giant Giveaway and National Debt Outlook
The 1971 deficit is projected near 20 billion dollars with a similar outlook for 1972. Federal debt nears 400 billion dollars, about 2000 per person, with interest around 400 dollars per family of four. Inflation and welfare pressures make debt control unlikely without a public shift in economics.
MENTIONED IN THIS ARTICLE
Industrial News Review
Former official warns devaluation tied to import tax policy
Edward Bernstein testifies before the Joint Economic Committee that the ten per cent import tax aims to force foreign currency devaluations and that a higher gold price could devalue the dollar to balance U S international payments. He warns a trade war may follow if the tariff stays.
MENTIONED IN THIS ARTICLE
Treasury
Joint Economic Committee
Edward Bernstein
United States
U. S
Justices urged to divest stocks over conflicts
The article argues Supreme Court Justices should sell conflicting stock holdings to preserve public trust. It notes five justices recusing themselves from economic cases amid stock concerns and asserts divestment is feasible given their $60,000 annual salaries.
MENTIONED IN THIS ARTICLE
Supreme Court
America
Clement Haynsworth
Surprising Expectations Of Friends Over Work
The text comments on how friends expect others to do more and do not value simple pleasures like baseball ice cream or chocolate covered raisins, contrasting work load with enjoyable treats.
Sensing the News: Parasitism in U S Governance
A harsh critique argues the United States is splitting into productive citizens and welfare-dependent drones. It links rising taxes and welfare expansion to political betrayals, cites New York City as a welfare hub, and warns of a looming socio economic reconstruction that erodes middle class power.
MENTIONED IN THIS ARTICLE
United States
America
Executive Branch
Congress
U.S
New York City
John Lindsay
Johnson
Daily Crossword Across 38 and Cryptoquote Feature
Crossword clues and a cryptogram appear with entries for Excite trainee swindle and various words. The page also presents a famous cryptogram pangram and the quotation by A Longfellow style, noting a daily cryptoquote by King Features Syndicate.
Deep in Debt American Foresee 200000 Bankruptcies This Year
Berkeley law authority cites NYT warning that over 200000 Americans may declare bankruptcy by year end. The piece explains motives, process, consequences, and moral questions of personal bankruptcy in the United States.
MENTIONED IN THIS ARTICLE
Berkeley
Calif
School of Law
Middle class rally to counter drone influence and restore civic leadership
A call for a united counter coalition of responsible citizens across party lines to reclaim authority from disruptive drone elements. It urges effort and organization now as the hour is late and notes that Indonesia houses the greatest concentration of active volcanoes per Britannica.
MENTIONED IN THIS ARTICLE
Indonesia
Encyclopedia Britannica
A Bishop Reflects on the Constitutional Convention
The article reviews Beverlpe’s A Bishop Looks at Life and Mrs. Bowen’s portrait of the 1787 Constitutional Convention. It emphasizes Washington Madison Franklin Hamilton Monroe and the Miracle of compromise that united thirteen colonies into a functional national government. It links the 1976 bicentennial to enduring questions of national unity and the common good.
MENTIONED IN THIS ARTICLE
Philadphia
Tatherine Drincer Bowen
America
Washington
Madison
Franklin
Hamilton
Monroe
Lafayette
Cogmon
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