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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jan 30, 1973
Page
5
Experts say deficits totaling around 25.16 billion in 1968 did not ignite inflation since the economy operated near full capacity with unemployment near 3.5 percent. They caution against assuming red ink equals fiscal sin while noting inflation risks shift with capacity use.
New York AP reports President Nixon in a brief radio address warned that excessive government spending threatens prosperity as he prepares Congress for a $268.7 billion budget, the largest ever. Deficits have persisted since 1965, with a projected $12 billion shortfall for fiscal 1974 amid a national debt near $440 billion.
In Washington the Watergate political espionage trial moves to the jury after closing defense arguments. Defendants G Gordon Liddy and James W McCord Jr face the government claim they used a valid assignment to plan illegal spying on the Democratic party. Prosecutor Silbert labels Liddy the conspiracy leader and money man.
In released Pentagon papers, Britain is shown mediating in 1966 67 to aid US Vietnam policy and boost Harold Wilson politically. The Sunflower effort, described as embarrassing to the United States, ended in 1967 with renewed bombing. Wilson cited Sunflower and Marigold in Parliament, contradicting Johnson’s claim of no sincere peace effort.
Hal Boyle discusses how common sense suffers when speakers use double talk, presenting examples from everyday conversations where the spoken line contrasts with the real thoughts behind it, illustrating how people mask true intentions in ordinary interactions.
The Associated Press reports a POW list from the North Vietnamese with U S names, ranks, and home towns. Notable entries include Beeler, Berg, Boyd, Brodak, Burns, Clark, Cutter, Daniels, Estes, Hornek, Hubbard, James, Johnson, Latham, Mastin, Plumb, Polter, Schwertfeger, Spoon, Stutz, Woods, among others plus ties to Missouri Kansas Oklahoma and Arizona.
An Argentine national dubbed the biggest narcotics trafficker ever brought to justice in the United States was sentenced to 20 years in prison and fined 20 000. Ricord, 63, described as the kingpin of an international ring, faced a maximum sentence after a jury conviction for conspiracy to smuggle hundreds of pounds of narcotics. The judge compared the case to Vietnam war casualties, noting the scale of the operation could feed 49,000 addicts for a year. Ricord fled France after World War II and built the operation in South America before being arrested in Paraguay and brought to the United States.
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