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Newspaper
Destin Log
Location
Destin, Florida, United States of America
Date
Nov 03, 1982
Page
5
The quotes showCapt Bob Hanshaw plans dry dock and boat refurbishment until March. Dale McGuire and others expect winter maintenance, repairs, and off season projects. Some will hunt, renovate, or shift to real estate while commercial fishing slows.
UF environmental scientist John McCreary warns Florida groundwater faces contamination from industrial solvents pesticides and gasoline components. He leads research on degradation times breakdown products and prioritizing cleanup for areas with harmful degradation products while stressing testing toxicity is not part of the study yet acknowledging public health risks.
U S Senator Paula Hawkins outlines a potential November loan of 1 billion to 2 billion from the disability and Medicare funds to keep Social Security afloat through 1983. Interfund borrowing may total 10 to 12 billion before year end as retirees’ checks flow. Proposals include higher payroll taxes, broader coverage, taxing retirees, raising retirement age, and capping cost of living adjustments amid debate on the CPI.
Commentary argues COLA should reflect elderly cost increases and proposes shifting Social Security trust funds from low yield to high yield securities. It notes bonds at 4 percent are unrealistically low and calls for action by the President, advisers, and Congress to keep solvency and protect working contributors.
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