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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 09, 2011
Page
5
A cautious view suggests reducing the mortgage interest deduction may lower the deficit and debt with limited impact on homeownership. Proposals include restricting to primary residences and lowering the $1 million debt cap, noting Canada lacks such a deduction but similar homeownership rates.
A July 31 Cascade Park walk by Friends of Cascade Park volunteers highlighted preservation needs and trash cleanup along winding trails, falls, and observation decks. Residents and Elyria administration are urged to support park welfare through volunteer efforts and partnerships with Lorain County Metro Parks.
The Chronicle Telegram outlines letters to the editor rules. Submissions must be 250 words or fewer and may be edited for length. Include signature full home address and telephone number for verification.
The budget agreement aims at defense and domestic discretionary cuts with liberals gaining on taxes and safety nets while tea party influence wanes. It would shave modestly from growth, deepen discretionary cuts, and keep Social Security Medicare benefits off limits, projecting deficits around 3.5 percent of GDP in 2021. Robert Samuelson notes the package is limited, not a broad balanced reform.
On this date in 1842 the Webster Ashburton Treaty defined US Canada borders. Nagasaki was bombed in 1945 and Gerald Ford became US president in 1974. Birthdays include John Dryden Rod Laver Melanie Griffith Whitney Houston Deion Sanders Chamique Holdsclaw Anna Kendrick. Kyoto was once a potential nuclear target but spared for cultural reasons. Moon wanes from first quarter Aug 6 to full Aug 13.
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