Limestone County Faces Higher National Debt Costs
Findings based on data show Limestone residents will pay about 1,783,000 for annual debt carrying charges in the next fiscal year. The amount covers interest only and does not reduce the principal.
29 Dec 1975
Page 1
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Newspaper
Mexia Daily News
Location
Mexia, Texas, United States of America
Date
Dec 29, 1975
Page
1
Findings based on data show Limestone residents will pay about 1,783,000 for annual debt carrying charges in the next fiscal year. The amount covers interest only and does not reduce the principal.
Government projections show the national debt reaching 2 750 dollars per person by next year with annual interest near 34 billion dollars. Limestone County families pay about 290 dollars of their federal taxes to debt interest, and interest costs rose 76 percent in five years, surpassing education and training outlays and exceeding aid to veterans and food programs.
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Democratic Senate candidate Phil Gramm says he will make at least 62 appearances in Texas during January and February. He plans major fund raising events in February and will start the year with events in Amarillo on January 6 and appearances in Dallas and Wichita Falls.
The Christmas period toll reached 367 by midnight Sunday, well under the National Safety Council forecast of 440 to 500 deaths. Snow hindered drivers in the central states while flurries spread from the Great Lakes to Indiana, West Virginia, and parts of Colorado, Texas, and New Mexico.
The Groesbeck Chamber of Commerce re elected Gary Vogel as President and Tom Hawkins as first Vice president with Dr Richard Collins elected second Vice president and Grady Rasco as Secretary. Members were surveyed on city needs prioritizing housing beautification doctors industry and transit projects. A Southern Pacific official announced plans for a new freight office replacing a sold depot. A festive house scene followed with a new household member joining a family.
Linda Wells offers a year end reflection noting political misuses and public concern. She expresses optimism that turmoil heightens awareness of leaders and calls for civic participation, closing with a wish for happiness and prosperity in the new year.
In New Orleans 78 year old widow Mary Melancon received extensive aid after a reporter highlighted her hunger. Donors provided groceries cash and a heater and plan to set up a bank account and repair her refrigerator. She plans to share remaining food with neighbors and feels warmth from community care.
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