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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 30, 1973, Lethbridge, Alberta 20 THE LETHB5IDGE HERALD Tuesday, January 30 1973 v. population Economists differ on budget views TRKATEP Actor dies ia roie the TV series character Luigi Bcscc: and nne.nitn' r- Y lna f- "'T By JOHN DORFMAN NEW YORK (API Presi- dent Nixon's proposed budget for fiscal 1974 is headed in the direction, though it does far enough, some econo- mic.-- say. The biKlsol falls for federal spend in c of 7 billion, with a deiii-it of alwut Si- billion. That compares virh a projected iMlHcn spanning ictal with a t'illion deiicir for the current fiscal year. Professional economists inter- viewed by The Associated Pi-ess the imcnrion is ppiiavcnily to reduce stimu- lation of the economy by cutting buck the amount of money pumped in 10 i: through deficit sre-dmg. They indicated gen- eral approval of thus Hcuexer. icur economists said Nixon had not pone far enough in the right direction. "We should really be running a surplus next year.'1 sa'd James O'Leary, executive vice- president and economist for U.S. Trust Co. "Just to have a smaller defi- cit isn't enough." O'Lenry sees a econ- omy ahead, with the danger of inflation fuelled by consumer demands. "All this budeet represenis kind of a holding action." ho said. "It puts a bi.c pressure on the Federal Reserve to be re- strictive in the credit area, and poses the danger of another credit crunch like that of 1905- 70." Albert T. Sommers. chief economist for the Conference Board, said a. S12-biiiion deficit would nol be much of an in- flation but added: "If anybody says this budget means there will be no in- flalion. that's urong." Eliot Jancway, a syndicated investment columnist and au- thor, said President Nix Is misinformed if he believes a S'JiiS.T billion budget would create only a billion deficit, and predicted "an inflationary crisis." OJ hers. however. believe Nixon had struck exactly the ri.shl balance. "It is obvious the adminis- tration's determination to hold tiouTi the growth of government sponriing is very said William Wolman. chief econo- mist for Argus Research. "Trere i? no doubt this will strike a blow against inflation." fe what you get for the iow price that counts! Check out these quality features and prove to yourself that you get more with a Kenmore. Lowest price automatic Kenmore washer 159 Compact Kenmore dryer Kenmore automatic portable dryer c Apartment Corrects to t rinses, spm.'dnes at s.ine 15 rr r. wash 15 rrin dry t.mors 2-way impeller wash r.g action Rol s eas y en caster? WHITE a Automatic wash ''spin program 3-vane agitator. Porcelain basket 2-temperature combinations Positive fill regardless of water pressure. Pump guard. Lid safety switch. Washing instructions printed inside lid. Porcelain top Lowest price automatic Kenmore dryer Vv'HITE b Up to 3 hours drying lime with special perm-press cool-down. High air-speed for fast crying. No-heat 'air' fluffs toweis. Freshens draperies. Top-mounted iint screen. Safety switch stops spin if coor is opened Match-mate for Kenmore washer Kenmore d Compact. 2t" dryer plugs into 110V outlet. Needs no installation Fully with special cool- dew n '.z' perm-press fabrics. Up 10 120 mm. drying time Lin; filter. Door safety switch and Dryen 11-lb. capacity. 3-vane agitator 2" wir.ger stop at sl.gniesi oressure Aulc-iat'-j crams tjb in 2 min. Ha-cy ccrd en casters Charge it on your all-purpose account-We service what we sell, coast-to-coait or money refunded at Simpsons-Sears you get the finest guarantee saiisfaction or money refunded and free delivery our store-to-door service begins with the sale protects you every inch c! Ihrj way Villas. Mall Phone 326-9231 NEW STORE HOURS.- 9.-30 a.m. to p.m. daily; Thun. and Fri. a.m. !o 9 p.m. Tettihep daily from 8 a.m. 326-6611 ;