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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 30, 1978
Page
8
The Odessa American outlines belief in voluntary spending over involuntary distribution and invites reproduction of editorials with proper credit, stating the policy clearly for readers and contributors. The piece frames the newspaper’s stance as part of its mission to improve the Permian Basin.
The Tax Foundation finds state and local hiring outpacing private sector by 38 percent over a decade. From 7.6 million to 10.5 million state local employees 1976 1977 payrolls up 164 percent. Federal grants mask local tax burden while inflation erodes real value of dollars. Awareness of local government growth could curb total economic pain.
A retrospective cheer and critique of 1978 noting its uneven performance, average overall, and a few standout figures. It highlights quirky awards and satirical honors given to public figures, celebrities, and institutions, including Governor Jerry Brown, Mayor Dennis Kucinich, Susan Ford, Patty Hearst, and the Nobel peace prize team, among others, with a tongue in cheek recap of events and outcomes.
A historical explanation outlines that inflation stems from an overall rise in prices due to excess money creation by banks. It explains how banks create money via lending, the role of cash versus checkbook money, and how Federal Reserve reserves cap lending while preserving bank profits and price pressure.
A long rumor that Jack Kemp engaged in homosexual activity resurfaced during the Carter era. Two senior Carter allies repeated the claim to reporters, despite no substantiation, linking the gossip to past Reagan administration scandals and later to Kemp’s political prospects.
In a reflective piece by John Willson, a libertarian conservative congressman’s stance against broad spending prompts questions about negative voting. The essay contrasts liberal demands for programs with cautious governance, cites Mencken on bureaucrats, and argues for restraint over expansive regulation, urging lawmakers to seek meaningful reforms rather than bloated government.
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