The Michigan Daily--Thursday, March 5, 1981--Page 3
' 'prof criticizes
.Reagan's
From AP and UPI
WASHINGTON-University Economics Prof. Gardner
Ackley joined three other economists yesterday in a debate
of President Reagan's economic recovery plan before the
tax-writing House Ways and Means Committee.
Ackley characterized administration forecasts of a sharp
decline in the inflation rate if Reagan's proposed tax cuts and
budget cuts are passed by Congress as a "fairy tale."
* THE REAGAN administration predicts that if its economic
program is enacted, inflation will decline from last year's
12.4 percent rate to 6.2 percent in 1983 and 4.2 percent in 1986.
"That would be truly a miracle," Ackley said, arguing that
the impact of Reagan's program "will not be-as he so con-
fidently predicts-to cut the present inflation rate more than
in half. Whatever effect it would have on the inflation rate
surely would work in the opposite direction."
The administration is asking for budget cuts of about $45
billion for 1982 and deeper cuts in the future. It also seeks
passage of a three-year program for individual tax cuts at a
rate of 10 percent a year, and bigger tax breaks for business
in the form of more rapid depreciation of certain expenses.
ACKLEY, A KEY economic adviser to the Johnson and
Kennedy administrations, was joined by Joseph Pechman of
the Brookings Institution. They were pitted against Arthur
Laffer, whose controversial theories are behind Reagan's
tax-cut proposals, and John Rutledge, whose predictions for
the economy are even more optimistic than the ad-
ministration's.
Ackley and Pechman are among scores of economists who
fear the deep tax cuts will fuel inflation by stimulating con-
sumer demand faster than business can increase supplies
and improve productivity.
tax plan
But Laffer urged rapid action by the House panel, saying,
"I don't think you should hold tax cuts hostage to spending"
reductions.
"IT'S AN EXCELLENT first step, but only a first step,"
Laffer said of Reagan's tax-cut plan.
Meanwhile, AFL-CIO President Lane Kirkland had harsh
words for Reagan's economic recovery plan. His comments
yesterday to the House Budget Committee prompted several
committee members to ask whether Kirkland is out of steps
with the nation's millions of blue collar workers.
The labor leader said the Reagan program is based on "un-
tested theory, unrealistic projections, and questionable
logic" that "add up to more inflation and more unem-
ployment."
"THE REAGAN BUDGET constitutes the most costly roll
of the dice ever proposed for this nation by economic
policymakers," he told the budget panel.
"On the line are the living standards of millions of working
Americans, the unemployed and the poor, the opportunity for
energy security and the hope of reviving the nation's in-
dustries and cities," Kirkland said.
Rep. Delbert Latta (R-Ohio), the committee's top
Republican, said, "I am not surprised by this individual at-
tack on President Reagan's proposals, but I wonder whether
you speak for the rank-and-file members of your unions in
doing so."
Kirkland replied that the AFL-CIO surveyed the opinions of
rank-and-file workers democratically, through local union
meetings and conventions.
In the Senate, Albert Shanker, president of the United
Federation of Teachers, said Reagan's budget proposals
amount to "disaster for public education."
AP Photo
University Prof. Gardner Ackley, third from left, confers with House Ways and Means Committee Chairman Dan
Rostenkowski (D-Ill.), left, Arthur Laffer, of the University of Southern California, right, and Joseph Pechman of the
Brookings Institution prior to a hearing of that panel yesterday on Capitol Hill. The panel is holding hearings on
proposed cuts in tax and spending programs of President Reagan's budget.
EVERYTHING YOU NEVER EXPECTED
' s ~' sU
FROM AN APPLIANCE STORE
HAPPENINGS- New MSA
FILMS election code
A-V Services -A Day in the Life of Bonnie Consolo; I am Not What You
See, 12:10 p.m., SPH II Aud.
Cinema Guild - Casino Royale, 7, 9:15 p.m., Lorch Hall Aud.
Mediatrics - Diamonds are Forever, 7 p.m., Nat. Sci. Aud.; Live and Let
Die, 9:30 p.m., Nat. Sci. Aud.
SPEAKERS
Chem. Engin. - William Schowalter, "Hydrodynamic Effects on Colloid
Stability," 11 a.m., 2084 E. Engin.
Biology - Bennett Cohen, "Resources for Research on Aging," noon, 1139
Nat. Sci.
CJS --Bag lunch, John Campbell, "Rojin Mondai: Problems of the
Elderly and the Government's Response," noon, Lane Hall Commons.
Health Psychology - William Dobbins III, "Central Nervous System
Aspects of Whipple's Disease," noon, A154 VA Med. Ctr., Director's Conf.
Room, 2215 Fuller.
Museum of Anthro. - Chuck Hastings, "Soggy Archaeology in the Eastern
Andes of Central Peru: A Regional View of the Cloud Forest," noon, 2009
Museums.
Comp. Lit. - Bag lunch, Floyd Gray, "Fixed Forms: The Sonnet in the
Renaissance-France,"12:10 p.m., MLB 4th floor Commons.
Bush Programs - Urie Bronfenbrenner, "The Ecology of Education," 4
p.m., SEB Schorling Aud.
Chemistry - Efrat Lifshitz, "Some Aspects of the Photochemistry of
Vision," 4p.m., 1200 Chem.
Education - Urie Bronfenbrenner, William Morse, "Reflections: The
School, the Child, the Family," 1:30 p.m., SEB Whitney Aud.
Romance Lang. - Walter Mignolo, "Sobre las condiciones de la ficcion
literaria," 4 p.m., MLB 4th floor Commons.
CREES Cross Currents - Albert Lord, "On Collecting Balkan Oral
Traditional Poetry," 8p.m., Aud. A, Angell.
Third Hispanic-American Lec. Series - Juan Flores, "Culture Makes a U-
Turn: Puerto Rican Identity in the United States," 8 p.m., Aud. C, Angell.
PIRGIM - Adrienne Selko, "What You Should Know About Toxic Shock
Syndrome," 9p.m., S. Quad Thronson Lounge.
MEETINGS
Inter-Varsity Christian Fell. -7 p.m., League Union.
Botticelli Game Players - noon, Dominick's.
Med. Ctr. Bible Study -12:30 p.m., F2230 Mott Library.
Campus Weight Watchers - 5:30 p.m., League Project Room.
AA -8:30 p.m., N2815 U. Hosp. (2nd level, NPI).
Rackham Student Government - 7:30 p.m., Rackham Board Room.
Undergrad. Anthropology Discussion Group - Myth and Religion, 7:30
p.m., Anthropology Lounge, basement Angell Hall.
PERFORMANCES
UAC - Soundstage, 8 p.m., Union CLub.
U. Musical Society - Royal Ballet of Flanders, 8 p.m., Power Center.
School of Music - piano Recital, Pauline Martin, 8 p.m., Recital Hall.
MISCELLANEOUS
ZBT, SAM, AEP, SDT - Bucket Day, collection for research of Tay Sachs
disease, campus.
Reading and Learning Skills Ctr. - Reg. for Speed Reading and Study
Skills classes, 1610 Washtenaw.
Computing Ctr. - Chalk Talk, "PL/C and PL/1 Debugging for Begin-
ners," 12:10 p.m., 1011 NUBS.
International Night - Belgium, 5 p.m., League Cafeteria.
SWE - Presentation, Edwards Air Force Base, 7 p.m., W. Engin.
Guild House - Poetry Reading; Dan Gerber, Martin Grossman, 7:30 p.m.,
802 Monroe.
Men's Basketball - vs. Minnesota, 8:05 p.m., Crisler Arena.
LSA - Public Hearing on possible discontinuance of the Geography
Department, 9 a.m.-1 p.m.
To submit items for the Happenings Column, send them in care of:
Happenings, The Michigan Daily, 420 Maybard St., Ann Arbor, MI. 48109.
under f ire
(Continued from Page 1)
passage, which was only one of several
errors that showed up on the final copy.
"I am infuriated by the possibility
that this mistake was deliberate," said
Breakstone in reference to the
allegations that Schaper added the sen-
tence to the passage.
"We made it very clear that we didn't
want the word 'retain,' " said MSA
member Bruce Brumberg. "I don't
know where that last sentence came
from."
MSA Secretary Janny Smith said she
typed the corrections for the final copy
from a list Schaper gave her. "I
vaguely remember that it was sort of
strange that it was there," said Smith.
'It sounded out of place."
Breakstone said it was certain that
MSA would revise the code to correct
the contested passage and several other
mistakes that appear to be
typographical errors.
The wording of the code must be as
clear as possible to ensure MSA, can-
didates, and poll workers do not com-
mit infractions through misinter-
pretations. MSA had serious problems
with poll infractions during its 1979
elections, when some workers allegedly
promoted candidates and candidates
violated rules requiring them to be at
least 50 feet from a polling place.
INTERNATIONAL
CAREER?
A representative
will be on the campus
THURSDAY
MARCH 12, 1981
to discuss qualifications for
advanced study at
AMERICAN
GRADUATE SCHOOL
and job opportunities
in the field of
INTERNATIONAL MANAGEMENT
Interviews may be scheduled at
CAREER PLANNING
& PLACEMENT
AMERICAN GRADUATE SCHOOL
OF INTERNATIONAL MANAGEMENT
Thunderbird Campus
Glendale, Arizona 85306
RESORT HOTEL & COUNTRY CLUB
SUMMER EMPLOYMENT
NIPPERSINK MANOR-Large Resort Hotel in Southeastern Wisconsin has
openings for:
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