Banner Graphic, Volume 19, Number 68, Greencastle, Putnam County, 23 November 1988 — Page 2

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THE BANNERGRAPHIC Novombor 23,1988

1989 deficit estimate raised $3 billion due to drought, administration says

WASHINGTON (AP) The Reagan administration says last summer’s drought took such a large bite out of the economy that it will add about $3 billion to the reductions needed in next year’s federal budget deficit. Joseph R. Wright, director of the White House’s Office of Management and Budget, said in an interview Tuesday that the administration now believes the fiscal 1990 deficit will have to be slashed by about $35 billion to comply with HE SAID THAT IN the 1990 budget the administration currently is writing, about sls billion in reductions probably would come from various benefit programs for the sick, farmers, federal retirees and others who automatically qualify for government help. He said the rest would come from a combination of reductions in other federal spending, sales of federal assets and increases in user fees. The 1990 budget year begins next Oct 1. He insisted there would be “no new taxes,” although there have been disputes in the past between

Airlines move to eliminate bargain ticket rates

NEW YORK (AP) The chances of finding a bargain airlines ticket are a lot smaller today than

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GEORGE BUSH No input into budget yet

the Democratic-con trolled Congress and President Reagan over whether seme of his proposals for new revenues should be called tax increases. WRIGHT ALSO SAID Social Security would not be cut, and that defense programs would probably receive a slight increase over the inflation rate. Military spending

they were a day earlier. The nation’s biggest airlines said Tuesday they are going through with previously disclosed plans to boost most of their lowest discount air fares and eliminate the cheap fares that can be booked a few days

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eats up about 30 percent of this year’s sl.l trillion budget. “It is a conservative budget, and I think that’s what Ronald Reagan should leave as his legacy in his last budget,” Wright said. He said the spending blueprint so far had no input from Presidentelect George Bush, but that the vice president easily would be able to adjust it to his own priorities once he takes office. WRIGHT SAID THE administration now believes the deficit for fiscal 1990 will be $135 billion, or $3 billion higher than previously forecast The. GrammRudman deficit reduction law requires a shortfall of no more than SIOO billion next year, with billions in across-the-board spending cuts the consequence if the target is breached. Wright said the budget would achieve the SIOO billion target He also said Reagan had declared that cuts should not be made in benefits received directly by the elderly or the poor. CITING THE ONGOING budget preparation process in which OMB officials and agency heads still are making spending and

before a flight. THE CHANGES, announced last week, would revamp the popular advance-purchase “MaxSaver” fares used by most vacation travelers. They would also drop the so-called “junk fares” available

program decisions Wright said he could provide few details of where all the cuts would be made. Just two weeks ago, the administration projected the 1990 deficit at $132 billion. But earlier Tuesday in its final economic forecast, the administration said the nation’s economy would grow by 2.6 percent this year, 0.7 percent less than it would have without the dry, hot weather that devastated many fanners and food producers. POORER THAN expected economic performance adds to the government’s deficit by reducing its revenues and increasing its expenditures. The government, however, projected a healthy growth rate for 1989 of 3.5 percent. It said consumer prices would rise by 3.7 percent next year, down from an annual rate of 4.6 percent through the first 10 months of 1988. It also forecast that interest rates would begin to ease, and that unemployment would average 5.2 percent. It was 5.3 percent in October. Private economists immediately disputed the rosy forecasts.

four to seven days before a flight, which are used mainly by business travelers. The changes went into effect at midnight Tuesday. Carriers adopting the changes include United Airlines, American Airlines, Northwest Airlines, Trans World Airlines and Delta Air Lines. Under the Max Saver changes, fares for longer flights generally will be raised and those for shorter hauls will mostly be reduced. That means roughly two-thirds of the fares will go up, and the remainder will fall. THE NEW FORMULA based on flight mileage replaces the airlines’ past practice of setting fares according to competition on individual routes. The changes in Max Saver fares generally range from a S2O reduction to a S4O increase on a roundtrip ticket “We have been heavily inundated with phone calls,” said David Perelman, president of DMS Travel Inc. in midtown Manhattan. He noted that the demise of the last-minute junk fares means, for example, that a passenger flying from Newark, N.J., to Kansas City, Mo., would pay $296 round trip if he booked Tuesday on a three-day advance basis. But as of Wednesday, the cheapest round-trip fare for the same trip will be $757, Perelman said. THERE ARE SOME exceptions to the changes. American Airlines, for example, said it won’t go along with them in those cities where it competes with Midway Airlines, a smaller carrier that didn’t match the changes. Similarly, Texas Air Corp. subsidiary Eastern Airlines doesn’t plan to make the changes in the highly competitive market linking the Northeast and Florida. Delta will put off making the revisions in that market as long as Eastern does, said Delta spokesman Jim Lundy.

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Air Force unveils stealth bomber; no flights yet

PALMDALE, Calif. (AP) The dark, ominous-looking stealth bomber was rolled into the light of day after more than 10 years of secrecy-shrouded development, with the Air Force secretary declaring it essential to the nation’s defense. The black and gray boomerang-shaped B-2, designed and built by Northrop Corp., was towed ponderously out of a hangar Tuesday to cheers and the accompaniment of “The Stealth Fanfare,” an original composition played by an Air Force Band. “WE CAN’T AFFORD to be without this program,” Air Force Secretary Edward C. “Pete” Aldridge, Jr. declared to a select crowd of about 2,000 that included members of Congress, military brass and the B-2 labor force. Responding to critics who contend the stealth bomber is an expensive, unneeded weapons system that could destabilize arms control efforts, Aldridge said the B-2 is a key to compelling the Soviet Union to adhere to current and future arms agreements. “This program is essential,” Aldridge told reporters after the unveiling at the Mojave Desert plant where the B-l bomber and space shuttle are built “It’s not destabilizing.” HE SAID THE mission of the B-2, which is designed to

Low voter turnout is not a sign for third party in U.S.

By EVANS WITT AP Political Writer WASHINGTON (AP) American voters, the polls said, weren’t too happy with the presidential choice between George Bush and Michael Dukakis. Turnout plunged to its lowest point in years in this month’s balloting. Does this mean the time has come for a third party, for a new political force to replace the faltering machinery of one of the major parties? THIRD-PARTY presidential hopefuls led by Ron Paul of the Libertarian Party and Lenora Fulani from the New Alliance Party made the case for major political change throughout the campaign. But the voters didn’t much care for the choices that Paul, Fulani and more than a dozen other minor party candidates offered on Nov. 8 either a sign that prospects remain dim for a major new party to emerge in this country. Bush won about 48.1 million votes in defeating Dukakis, who received about 41.1 million votes. That means only about half of the adults in this country bothered to vote. BUT THOSE numbers do add up to 99.1 percent of all the votes cast in the presidential race. Paul, the former Republican congressman from Texas, got about 410,000 votes across the country. That figures out to only about 0.45 percent of the more than 90 million votes cast

slip past enemy radar defenses and drop nuclear bombs, is to make the Soviets realize they could not protect their most precious assets, such as hardened command posts and moveable missiles. “That’s the whole idea behind the flexibility of a manned bomber force,” he said. While the B-1B bomber is considered sufficient by the Air Force to meet the current Soviet threat, Aldridge insisted the revolutionary technology of the B-2 is needed for the future. THE STEALTH BOMBER is a subsonic, all-altitude flying wing formed from non-metallic composite materials that are intended to let it absorb radar transmissions rather than reflect them. Its shape and lack of sharp angles also help make it nearly invisible to radar. Air Force officials say it makes about the same impression on a radar screen as a bird. Aldridge said even U.S. radar systems cannot track the stealth bomber and that the Pentagon believes the Soviets to be without any effective counter to it, or a stealth program of their own. The bomber, built to accommodate a crew of two or three, has not yet flown. In the weeks ahead, it will undergo highspeed taxi tests and engine evaluations.

News Analysis

Fulani was second among the second-rank candidates, drawing about 200,000 votes for about 0.22 percent of the vote. Her share of the vote will probably rise slightly when final, official numbers come in from her hometown, New York City. THEN CAME such figures as former Ku Klux Klan leader David Duke, who got about 44,000 votes running under such labels as Populist. Onetime Democratic candidate Eugene McCarthy received about 30,000 votes in several states as the Consumer Party nominee. Extremist Lyndon Laßouche, whose trial on various charges began this week, got 23,000 votes. Then there was Prohibition Party candidate Earl F. Dodge with almost 8,000 votes. PAUL’S SHOWING was better than the 1984 tallies for Libertarian David Bergland, who he received about a quarter of one percent of the total. Even Richard Viguerie, the direct-mail guru, admits his oftvoiced hopes for a conservative third party just aren’t realistic. “What we’ll do is go out there and put together a third force,” he said. Does this mean a third party? “Oh no, no, no, no. Just a third force. The left operates in the thirdforce arena with labor unions, with civil rights organizations, with their own agenda, separate and apart from the Democrats. That’s what I think conservatives should be doing.” EDITORS’ NOTE Evans Witt is a Washington-based political writer for The Associated Press who has written about every presidential campaign since 1976.

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