Page 6-Thursday, May 8, 1980-The Michigan Daily
FIRST TIME IN TWELVE YEARS
House approves balanced budget
WASHINGTON (AP) - The House
yesterday approved a $611.8 billion 1981
spending plan that projects the first
balanced federal budget in 12 years.
The budget, approved on a 225-193
vote, drew most of its support from
Democrats. It comes at a time of in-
creasing concern that a severe
recession could make balancing the
1981 budget impossible.
THE HOUSE spending plan, which
covers the 12-month period starting
Oct. 1, must still be reconciled with a
Senate budget package currently being
Last March, President Carter called
for a balanced 1981 budget as part of his
anti-inflation strategy. However, most
economists believe eliminating the
deficit will have only a negligible im-
pact on inflation.
Rep. Delbert Latta of Ohio, ranking
Republican on the Budget Committee,
urged his GOP colleagues to "swallow
their pride and vote for the principle of
a balanced budget," even though
domestic spending was higher than
UNIVERSITY OF MICHIGAN DANCE DEPARTMENT
NON-CREDIT CLASS SCHEDULE
MAY 12-JUNE 21, 1980
Cont. Beginning Ballet
Sat 12-1:30 P.M.
Tu,Th 6-7:30 P.M.
M,W,F 6-7:30 P.M.
M,WF 5:30-7 P.M.
M,W 5:30-7 P.M.
M,W 7:15-8:45 P.M.
A S. Johnson
A S. Johnson
A L. Ham
D J. Riopelle
B P. Barreau
C P. Barreau
they would like.
HOWEVER, REP. Robert E.
Bauman (R-Md.), a leading House con-
servative, said a deepening economic
recession had made the proposed
balanced budget a "sham" and asked
Republicans to oppose it.
Earlier, House Speaker Thomas
("Tip") O'Neill Jr. said he still believes
the recession will be mild, but conceded
that a recession "ofa serious nature"
could throw the budget out of balance
by cutting revenues and raising gover-
Rep. Richard L. Ottinger (D-N.Y.),
claimed that last month's sharp in-
crease in unemployment - from 6.2 per
cent in March to seven per cent in April
- was proof that in projecting a balan-
ced budget, "we're just kidding our-
SOME ECONOMISTS believe that
the approaching recession could push
unemployment up to nine per cent -
the high-water mark of the 1974-75
recession - and turn the $2 billion sur-
plus in the House budget into a $40
Congress began its drive to balance
the budget in March after the annual in-
flation rate hit 18 per cent and Carter
repudiated his original 1981 budget,
which called fol'.a $16 billion deficit.
As part of his new anti-inflationary
plan, Carter called for eliminating the
federal deficit and submitted a new
$611.5 billion balanced budget plan that
generally parallels the House proposal.
See HOUSE, Page 7
All classes held in U-M Dance Building studios. To register:
1) Come to U-M Extension Service Building at 412 Maynard St.
2) Call 763-4321 from 8-5 if you have Visa or Mastercharge
3) Come early to the first scheduled class
If you are interested in taking Advanced Modern or Advanced Ballet every morning for 6 weeks, call
the Dance Department Office at 763-5460.
412 Maynard St.AnnArbor48109
The Winner Keeps
Ahead Of The Rest
SPEED READING, STUDY SKILLS, WRITING SKILLS
University of Michigan
READING AND LEARNING SKILLS CENTER
Thursday, May 8, Friday, May 9, May 12.
COST: $30-U-M Students and Staff
(payable by check-U-M refund policy)
The lniversity of Michigan