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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Aug 01, 1981
Page
6
The 1981 baseball campaign is set to restart as teams report in on schedule. Post audit reveals deficiencies in bids on the state judicial building and questions about practices of the state revenue department.
Air traffic controllers threaten a Monday strike grounding half of U S air travel unless the government raises its offer beyond 40 million. Robert Poli of PATCO accuses the administration of unfairness as talks resume while officials warn of a 600 million cost and possible weekend extension being rejected.
Kevin Lynch, 25, dies at 1 a.m. in Maze Prison Belfast as his 71 day hunger strike ends. He is the seventh nationalist to die in the five month strike. Lynch belonged to the Irish National Liberation Army, a splinter group of the IRA.
Partly cloudy and warm through Sunday with widely scattered evening storms. Highs in the mid to upper 80s Saturday, low 90s Sunday, lows Saturday night in the low 70s. Southeast winds 10 to 20 mph. Rain chance about 20 percent Saturday.
Moscow signals resolve to boost military outlays despite economic strain. Viktor Grishin states spending is essential to deter imperialism while Dmitri Ustinov warns the arms race could become an economic battle and Nikolai Ogarkov notes the need to fund new high tech arms to keep the Soviet armed forces ready.
Congress approved the largest spending cuts in history, totaling about 130.5 billion over three years, in a package paired with a symbolic vote on restoring a 122 dollar minimum Social Security payment. The House passed it by voice vote and the Senate by 80 to 14, sending the measure to President Reagan. The package includes 1982 1983 and 1984 reductions affecting welfare health food farm education employment transportation and arts and science programs. The House and Senate also advanced tax cut provisions including an across the board 25 percent rate cut and retirement plan incentives. The minimum Social Security benefit remains on the chopping block, with a separate vote deemed symbolic.
The piece outlines supply side theory favoring lower marginal tax rates and corporate levies to boost disposable income, investment, and work effort. Bruce De Banks cites the approach in his book Supply Side Reform in Action. The president argues the plan delivers maximum stimulus to investment, savings, and labor.
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