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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jun 22, 1976
Page
4
A Commerce Department summary notes total public debt reached 741.2 billion in 1975, up 15.1 percent, while private debt rose 6.2 percent to 2,255.9 billion. Federal debt climbed 24 percent to 446.3 billion, marking the fastest wartime growth, prompting calls for hard fiscal choices.
Virginia Governor Mills Godwin champions fiscal conservatism and urges Congress to curb spending. He criticizes liberal majorities, praises President Ford for brake on deficits, and warns that synthetic nostrums threaten solvency.
Evans and Novak report a confidential Brussels cable shows Moscow violating Helsinki promises with little public disclosure. The NATO memo details routine human rights repression, propaganda, limited reforms, and failures in emigration and information flow. Ford cites Helsinki as a liability while Kissinger pursues quiet diplomacy. A new 15 member commission was created to monitor Helsinki adherence.
A satirical column argues for a new Do Nothing Party as a replacement for the GOP. It jokes the party’s symbol is a rocking chair and its motto Less is More as it critiques activists, economy meddling, and heavy bureaucracy.
Treasury Secretary Bill Simon warns New York City that federal loans will be cut off by July 2 if city unions and officials fail to reach a binding austerity plan. Assistant Secretary Robert Gerard informs the Emergency Financial Control Board as unions face potential wage and benefit cuts to guarantee repayment of roughly $2.3 billion in short term borrowing.
Mrs Helen Leigh Smith of 226 Amherst Street Winchester commends the Washington Post for not printing a harsh attack on Senator Harry Byrd. She hails him as fearless, honest, and devoted, urging others to follow his example of dedication to the nation.
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