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November 08, 1974 - Image 7

Resource type:
Text
Publication:
The Michigan Daily, 1974-11-08

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Friday, November , 1974

THE MICHIGAN DAILY

Page Seven

Friday, November 8, 1974 THE MICHIGAN DAILY Page Seven

Unbalanced budget
likely in future
(Coutinued from Page 1) cts-instead of the $305.5 bi-
more elusive, by forcing gov- lion projected in May.
ernment costs upward. Mean-s
while, the current economic Suich an increase would make
wdown is thre ningore the projected budget deficit $13
slwoni hetnn or-Ibillion for fiscal 1975. The
duce the growth of federal tax t ficefis still ticki
revenues.bugtofc issiltckn
"MY GUESS at the moment with estimated revenue for the
is that the revenue prospects year of $294 billion, although
for fiscal 1976 make it difficult they said this too could change.
to assure a balanced budget for President Ford is expected
~ I soon to send Congress a list of
that year," said Sidney Jones,s
a former White House econom- proposed cuts in the 1975 budget
ist who was recently appointed to reduce outlays to $300 billion
counselor to Simon. and the deficit to $6 billion.
Jones said the government The budget deficit in fiscal
should concentrate on turning 1974 was about $3.4 billion.
back pressures to increase fed-
eralspening.Ford already has sent 'Cori-
"There is a great risk of it gress a list of more than $20
getting out of hand," Jones said. billion in budget money for
INFORMED sources at the 1975 and other years that pre-
0 f f i c e of Management and viously was impounded by the
Budget predict that President Nixon administration.
Ford and Simon will soon be- _
gin backing away from calling
for a balanced federal budget
next year. They note the gov-
ernmnent still favors balancing Have a flair for
federal receipts and revenues artistic writin?
next year, but "the price might eYou are dterin-
nextyear butIn eeing
be getting too costly," one poetry, and music
source said. or writing feature
stories a b o u t the
If the government should re- drama, dance, film
duce federal spending to match arts: contact Arts
lower receipts, it could aggra- Editaor ac/yThe
vate the nation's economic de-
cline and possibly result in cut-
backs in programs which help
the economically disadvantaged. --
But Simon has argued that
deficit spending only adds to
inflation by increasing demand-
for goods and services and re-
quires the government to bor-
row money..
INFORMED budget sources
said federal spending in fiscal
1975 is likely to swell to at least
$307 billion - unless there are
U'

Ann Arbor
Kosher Meat Co-op
MEETING oan SUN.
Nov. 10 at 7:00 at
HILLEL, 1429 Hill St.
for ordering and
discussing last
week's order

Bursley Hall 'Enterprises
PRESENTS
Day the Jackel

0
.

SAT., NOV. 9
9 p.m.

Adm. $1.0l
BURSLEY W. CAFE

U.M. ID REQUIRED FOR ADMISSION

AP Photo
Bombs away.
One man was killed and 18 other people wounded yesterday when a bomb exploded in this
London pub frequented by British soldiers. Authorities attributed the bombing to as yet un-
known terrorists.

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Use Daily Classifieds

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Prior to their
Nov. 8 apperance
at Power Center
UNIVERSITY
DANCERS
will perform at
12 Noon, Nov. 4 to
8th in our window.
Unique 1/2 hr. programs.
But-please keep
sidewalk traffic
flowing somehow.
Wed. & Sat. Eves.
(No Fixed Time)
Music by Autumn (trio)
at

ADVE\T
and other noteworthy compon-
ents are ON SALE this week at
tech hifi
Qualty Components at the Rght Pric
East Lansing, Ann Arbor, Dearborn
Detroit, East Detroit, Royal Oak
Rochester, Southgate, Livonia

Join The

D ai y

MONEY BACK
GUARANTEED!
EXAMINATION
TUTORING CLASSES
LSAT, GRE, .
DAT, and MCAT
TEST CENTER
662-3700
L 1 UL i L

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THURSDAY, NOVEMBER 21
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235 South 17th Street, Philadelphia, Pennsylvania 19103
(215) 732-6600

OUR PRICES ARE NOT
SALE PRICES,
THEY'RE LOWER
Including:
"The Whole Earth
Epilog"
and Castaneda's
"Tales of Power"
529 E. LIBERTY
9 a.m.-midnight 7 days
663-8441 663-8452

This Friday through Sunday only.

and other noteworthy compon-.
ents are ON SALE this week at
techhif1
Quaity Componnts a h ottP~
East Lansing, Ann Arbor, Dearborn
Detroit, East Detroit, Royal Oak
Rochester, Southgate, Livonia
$2.50 8:5O
FRI.-SAT,-SUN.

4 ?,
ooLes

mrik Mff

T-Bn

Regularly $2.95

Ion=

TGIF

Nome

Thank God It's Friday
Today
and every Friday

Super Sirloiny .49
Regularly $2.49

Folk Legacy Record's
MICHAEL
COQNEY

man
was
NNE
i;

15c Hot Dogs
2.5 P.M. WHILE THEY LAST
Ski Movies every Mon. & Tues. Nites

Western Cut u W
Regularly $1.99

:1

I

1. yl

You get our

regular,complete steak dinner including baked
tossed salad and a warm roll with butter.

potato,

iva Entc'vtaunment,

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