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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Dec 14, 1963
Page
3
The piece argues taxpayers enable high government spending and currency inflation eroding buying power. It cites Tax Foundation figures showing 1940 incomes would require sharply higher earnings today to maintain 1940 living standards, illustrating the dollar’s rotting value.
An opinion column argues that public officials overspend tax money while proposing tax cuts. It cites a drop in dollar purchasing power from 1963 data and criticizes government overextension. The piece transitions to a home design pitch featuring a split level plan with four bedrooms, ample living space, and design H-581-KF details.
The Lawrence Regional Planning Commission presented a five point plan to the federal Housing and Home Finance Agency in Pittsburgh for county wide planning education an industrial feasibility study an airport study and county housing study. Final approval expected in about four months. John C. Jordan officially declared mayor after recount in New Castle and will take office Jan 6 focusing on urban renewal and industrial development. Speech and hearing tests for over 3 000 parochial students to begin next month in Ellwood City. Junior Achievement product fair planned in First Federal Plaza next week. Housing Authority warns of elderly housing project termination if Ellwood City council stalls cooperative agreement. Five men appointed to New Castle Sanitary Authority to oversee a $3 million sewage disposal plant. Highland Avenue Elementary renamed John F Kennedy School. Wilmington Area school directors halt Bible readings. Three school board presidents elected and one re-elected.
George C. Harlan reports cautious optimism among merchants as December sales rebound after the Kennedy assassination. Auto, appliance, and construction sectors boost orders. steel production climbs 2.1 percent, aiming near 111 million tons for the year. Government surveys project capital spending at a record annual rate, with 1963 investments around $39 billion.
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