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May 08, 1982 - Image 6

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Michigan Daily, 1982-05-08

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Opiiiol

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Page 6
The Michigan Daily,
Vol. XCII, No. 4S
Ninety Years of Editorial Freedom
Edited and managed by students
at the University of Michigan

Saturday, May 8, 1982

The Michigan Daily

Sinclair

TH E lcDNE S

Alternative
budget plans
ALTHOUGH RONALD REAGAN appeared
to be leading the nation out of its current
budgetary impasse, it was Republican Sen.
Pete Domenici of New Mexico who provided the
leadership to bring the Republican troops to
compromise.
The problem is, however, he led them even
further to the right than the president did in
budgetary talks with House Democrats. The
resulting budget proposal would cut Social
Security benefits by $40 billion over three
years, while allowing a combined budget deficit
of nearly $220 billion over the same period.
And even though the president had promised
congressional Democrats he would await com-
pletion of a study being conducted on the Social
Security system before he proposed cuts, he
quickly endorsed the new budget plan.
Something has to be done to rescue the nearly
bankrupt Social Security program, but the
Domenici plan is premature because it commits
Congress-to cutting the program. Proposed cuts
in the system have in the past provoked heavy
public protest.
While the elderly may suffer under the new
proposal, the Pentagon receives $6 billion more
than even our hawkish president proposed -
perhaps enough to shop around for one more
MX missile.
Now that the intent of the Republicans is
clear, the Democrats should not only fight the
budget proposal, but show some unity and form
an alternative budget of their own. The budget
deficits must be reduced. They are fueling high
interest rates that are choking off the economic
recovery this nation so badly needs.
If Democrats quit their inter-party squab-
bling and unite behind a budget that reduces the
tax cut implemented last year, they might win
in Congress. Several moderate Republicans are
wary of Domenici's planned Social Security
cuts and may give the Democrats the votes they
need to pass a truly sound budget.
The Democrats have the-chance to make the
proposed Social Security cuts and budget
deficits major issues in the 1982 congressional
elections. But they can only do so if they seize
the initiative now and put the issues and their
plans before the voters.
Public pressure may induce the president to
back an alternative proposal that will lead to
lower interest rates and start the economy
moving again - away from the 10 percent
unemployment disaster course the nation is
now on.

TS TESE
- PEO LE.
-ALK To TEM .UT
tECAREFUL WAF
YOU SAY
LETTERS TO THE DAILY:
State loan programs

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4

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To the Daily:
I read with interest and some
disappointment the editorial
which appeared in the April 10
edition of The Michigan Daily
regarding the establishment of.
"student loan authorities" in a
small number of states. It is im-
portant to be cautious on this
matter and not criticize our state
legislature too strongly for not
yet taking similar action for
reasons I want to explain.
For the very reason you
cite-the existence of an alter-
nate loan program - our state
legislature created the State of

Michigan State Direct Loan
Program and the Michigan
Higher Education Loan Authority
in 1975. Since January, 1976,
students who are Michigan
residents have been able to turn
to the state and its direct loan
program as a lender of last resort
under the federally Guaranteed
Student Loan Program. Over the
intervening six years, 85,000
students have borrowed
$157,000,000 through this state-
sponsored program. Financing
for this program has been
acquired through the sale of tax-
exempt bonds, with the ad-

Tempting fate

To the Daily:
If students are inclined to
determine how many bodies can
be shoe-horned into a given
space, they should squeeze into a
small car and not an elevator.
As you reported in a Today
item, "Overcrowded dorm con-
ditions," (Daily, April 16) studen-
ts who piled into a South Quad
elevator attempted to open the
doors. Although there are safety
devices on all elevators which
will prevent a car from falling,
the attempts' to escape from the
::} i vi.?9"4 ,a { +v"vJ{Cv"~SY~~i: t :ii::v:

stalled car may lead to injury. In
other incidents, people have
crawled out of escape hatches
only to find themselves on top of
the car in the elevator shaft.
The best and safest thing to do
when caught in a stalled elevator
is to push the alarm bell and then
wait calmly for atrained elevator
mechanic to help you out.
Another good idea is not to tempt
fate by deliberately overloading
an elevator in the first place.
Russell Reister
Director Plant Operations
April 19, 1982

ministrative costs being paid for
from federal allowances, loan in-
terest, and borrower origination
fees. No cost for the financing of
this program or its ad-
ministrative costs have been in-
curred by Michigan taxpayers.
To date only eleven other states
and the District of Columbia have
created direct loan programs.
This has given resident students
and, of course, Michigan post-
secondary institutions support
which is still not available in the
vast majority of states. Quite
simply, although no one is certain
what changes - which seem to be
ongoing - will be made in the
federal regulations which govern
the GSL Program, the record
clearly shows that our state
legislature has been supportive of
loan program access by
Michigan students. In addition,
over $40 million was ap-
propriated by our legislature this
year for student scholarships and
grants.
With this perspective, con-
tinued student awareness is,
however, needed of legislative
actions which affect student aid
programs - on the state as well
as federal level. The role which
The Michigan Daily has played
this year in "getting the word
out" regarding possible funding
reductions in the various federal
student aid programs for 1982-83
and 1983-84 has been substantial
and appreciated by many -
students, faculty, staff, and ad-
ministrators alike.
-Harvey Grotrian
April16, 1982

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Editorials appearing on the left side of
the page beneath The Michigan Daily logo
represent a majority opinion of the Daily's
staff.

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