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May 08, 1980 - Image 6

Resource type:
Text
Publication:
Michigan Daily, 1980-05-08

Disclaimer: Computer generated plain text may have errors. Read more about this.

Page 6-Thursday, May 8, 1980-The Michigan Daily
FIRST TIME IN TWELVE YEARS
House approves balanced budget

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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
drafted.
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

Class
Beginning Jazz
Beg.-Intermediate Jazz
Intermediate Jazz
Cont. Beginning Ballet
Beginning Modern
Dance Improvisation

Day Time
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.

Studio Instructor
A S. Johnson
A S. Johnson
A L. Ham
D J. Riopelle
B P. Barreau
C P. Barreau

Number of
Sessions
6
12
18
18
12
12

Fee
$33
$51
$75
$75
$51
$51

First Class
5/17
5/13
5/12
5/12
5/12
5/12

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-
nment costs.
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-
selves."
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
billion deficit.
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

0

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.
S~j aFonai
U-M ExtensionService
412 Maynard St.AnnArbor48109
1811.

0

.6

The Winner Keeps
Ahead Of The Rest
WITH
SPEED READING, STUDY SKILLS, WRITING SKILLS
at the
University of Michigan
READING AND LEARNING SKILLS CENTER
1610 Washtenaw
Ann Arbor
764-9481

0
6
6

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
Reading& Learning
Skins Center

60

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