Deficit spending issue as dead as prohibition
Dennis Hale argues four common claims about the national debt are false and urges seeing deficits within a broader economic context. He notes postwar debt trends, the limited link to inflation, and the debate over fiscal policy as he suggests deficit spending is a mature, now-stale political issue.
MENTIONED IN THIS ARTICLE
Dennis Hale
Ford
Treasury
William Simon
Simon
Herbert Stein
Council of Economic Advisers
Nixon
Kenneth E. Soulding
Daniel Webster
Wall Street Journal
Grand Rapids, Mich
State scholarships aid 78,000 Illinois undergraduates
The Illinois State Scholarship Commission distributed over $56 million to more than 78,000 undergraduate students in Illinois for the year just concluded. The report notes that families earning up to $19,000 qualified for aid, with half of applicants from low-income families receiving scholarships.
MENTIONED IN THIS ARTICLE
Illinois State Scholarship Commission
ISSC
Illlinois
Illinois
Community College
FEPC funds urged to empower investigation powers
Editorial urges Gov Daniel Walker and the General Assembly to grant the FEPC authority to initiate investigations without private complaints. The measure, amended by the House, would let the commission file a charge with three votes of its members. The piece warns that without adequate appropriations for the coming fiscal year the expanded powers could remain underutilized.
MENTIONED IN THIS ARTICLE
Daniel Walker
General Assembly
State Fair Employment Practices Commission
FEPC
House Labor and Commerce Committee
Commission
Senate Extends 9.5 Percent Usury Ceiling to 1977
The Illinois Senate endorsed extending the 9.5 percent usury rate ceiling to January 1, 1977, sending the bill to Gov. Daniel Walker. Proponents say the extension helps make home mortgage lending affordable, supports home construction, and prevents a return to 8 percent. Critics warn of inflationary risks for wage earners, but supporters argue the extension preserves lender incentives and avoids a credit crunch. The measure passed 44 to 7 in the Senate and awaits gubernatorial action.
MENTIONED IN THIS ARTICLE
Senate
Daniel Walker
Sam Vadalabent
Dedwardsville
Finance and Credit Regulations
Robert McCarthy
Decatur
Sen. McCarthy
Illinois
General Assembly
Walker
Cahokia Mounds Center Could Be Rebuilt With Backing
A proposal to revive a 5 million Cahokia Mounds visitors center faces legislative wars over state bonds. Rep. Monroe Flinn says bonding power exists to fund planning and start up costs, with 0.5 million needed initially and 4.5 million later, backed by Anthony Dean and Charles Tamminga.
MENTIONED IN THIS ARTICLE
Cahokia Mounds
Illinois
Capital Development Board
Department of Conservation
Daniel Walker
Mr. Walker
Gov. Walker
Chicago
Richard Daley
Monks Mound
New World
National Geographic
Senate
Monroe Flinn
D-Cahokia
Mounds Park
Cahokia Mounds Center
State Department of Conservation
Flinn
Anthony Dean
Charles Tamminga
Dean
Tamminga
Rep. Flinn
Open hearing on boundary changes for Carbon dale 95 district
A Carbondale school board session in June will include a public hearing on proposed boundary changes. Past hearings suggest a crowded agenda and a likely predecided vote, with limited time to consider public input. The article notes similar practices by local councils and county boards.
MENTIONED IN THIS ARTICLE
Southern Illinoisan
Carbondale
Jackson County Board
Letters to the editor urge open school board hearings
The writer notes hearings show draft proposals under consideration with careful notes and no votes. They state public bodies value informed public input and hope the new school board expands procedures to include neighborhood perspectives before formal votes.
MENTIONED IN THIS ARTICLE
Mittee
Also Mentioned on This Page
Southern Illinois University- Carbondale
Warren Smith
University of Michigan
Paul Samuelson
Massachusetts Institute of Technology
Paul Ingrassia
Lindsay-Schaub Newspapers
FPEC
Southern Illinois
Lindsay-Schaub
John C. Gardner
William B. Cox Jr
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