Banner Graphic, Volume 22, Number 125, Greencastle, Putnam County, 29 January 1992 — Page 2
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THE BANNERGRAPHIC January 29,1992
Bush envisions recovery ‘inch by inch’
WASHINGTON (AP) President Bush’s election-year plan to revive the economy with tax breaks, business incentives and government restraint headed for rough going in Congress and on the campaign trail. Bush’s State of the Union challenge to Congress to act on his remedies by March 20 or expect a “good fair fight” drew an immediate Democratic chorus of criticism. “The American people were expecting meat and potatoes on the menu tonight, and instead they got pot luck and leftovers,” said Sen. Robert C. Byrd, D-W.Va., chairman of the Senate Appropriations Committee. THE PRESIDENT’S economic revival plan includes new tax breaks for first-time home buyers, an increased personal exemption for children, lower paycheck tax withholding levels, a sharp reduction in the capital gains tax and a host of other tax incentives for businesses and individuals. It faces stiff competition from Democratic alternatives that generally call for bigger middle-in-come tax cuts. Bush also called for government restraint including a freeze on
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Post-speech poll finds mix of gloom, hope
NEW YORK (AP) President Bush’s State of the Union address played to a public divided much like his congressional audience of applauding Republicans and glum Democrats, a poll taken minutes after the speech indicated. Forty-eight percent of those surveyed Tuesday night by CBS News said they were worried they or an immediate family member would lose their job this year. JUST 24 PERCENT said they are better off than they were four years ago. Thirty-two percent said they were worse off and 44 percent said they were about the same.
many federal programs, a 90-day moratorium on government regulations that stifle growth and a large cut in defense spending. HE SET OUT TO sell his longadvertised package Wednesday, first by submitting a $1.5 trillion budget for fiscal 1993 and then with a personal lobbying trip to Capitol Hill. Americans also were to get a first look at how well the economy performed in the final three months of 1991 with the latest Commerce Department figures on the gross domestic product Economists
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But 56 percent said they were confident Bush will improve the economy, and 56 percent said they believe a tax cut the president proposed will help end the recession. CBS said an innovative use of touch-tone responses to a toll-free recorded interview allowed it to register the opinions of 1,234 pre-selected viewers within minutes of the speech. The random sample had a margin of error of plus or minus 3 percentage points, the network said. “No one has ever attempted to poll a nationally representative sample of Americans this quickly before,” said CBS anchorman Dan Rather.
predicted today’s figures would show that at the end of 1991, the economy was all but dead in the water. In his prime-time address, Bush conceded the economy was in poor shape but declared, “We are going to lift this nation out of hard times inch by inch and day by day.” HE CHALLENGED Congress to back his economic programs by March 20. “From the day after that, if it must be: the battle is joined,” Bush said. And, invoking Gulf War rhetoric, he vowed that the recession “will not stand.”
Bush also renewed his call for a lower capital gains tax, and produced applause from Republicans and some chuckles from Democrats when he asserted: “This time, I won’t take no for an answer.” Turning to defense and foreign policy, Bush outlined dramatic cuts in the U.S. nuclear arsenal and said he would ask Russian President Boris Yeltsin to agree to eliminate all land-based multiple warhead ballistic missiles. OVER SIX YEARS, the president proposed to cut defense spend-
Astronauts complain of overwork, saying: ‘We’re not machines’
SPACE CENTER, Houston (AP) Discovery’s astronauts got a little time off Wednesday to admire the view from 187 miles up after one of them groused about the shuttle flight’s frenetic pace, complaining, “We’re not machines.” “I have the feeling that people are sometimes a little bit too pushy and they shouldn’t forget that we are human beings,” German physicist Ulf Merbold said Tuesday night. “So far, we haven’t had any minute to see the world.” THE DAY BEGAN with Merbold and crewmate David Hilmers peering at a flashlight beam projected on a grid. Each was fitted with electrodes to record his eye movements so scientists can analyze how the nervous system adjusts to low gravity. After Merbold and Hilmers asked for time off, NASA rearranged the schedule to give them an hour this morning when the shuttle’s position would offer the best look at Earth. Both astronauts later thanked ground controllers. “I WANT TO YOU know that you guys made Ulf’s whole flight here in the last few minutes by giving him that time off,” Hilmers said. “He had a clear view of downtown Munich, and Germany and the Alps were clear, and his spirits are a lot higher right now. We all thank you.” The crew of seven has skipped breaks and skimped on sleep to squeeze in as much scientific work as possible before the mission ends
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ing by SSO billion as a result of the relaxation of East-West tensions. “Communism died this year,” he declared in his speech in the packed chamber of the House of Representatives. Although many of the proposals Bush outlined had been previously reported, he did announce one that was new: an order to the Internal Revenue Service to start lowering tax-withholding rates. That will immediately put more money in the pockets of what Bush estimated would be as many as 90 million Americans although it means their refunds will be trimmed. OTHER KEY elements: The personal exemption for dependent children, now $2,300 per child, would be raised by SSOO per child to $2,800. However, the increase would not take effect until next Oct 1. First-time homebuyers would receive a tax credit of up to $5,000 for down payments and could also withdraw SIO,OOO from Individual Retirement Accounts without penalty for home purchases. Tax credits and vouchers to help low and middle-income families buy health insurance, up to a maximum of $3,750 per family.
Thursday. The flight was extended to eight days to allow more experiments. “The extra day on orbit has really been a blessing for us,” said mission manager Robert Mcßrayer. THE ASTRONAUTS are studying the effects of weightlessness and space radiation on living things. Among the exotic organisms aboard are roundworms, slime mold, stick insects and frog eggs. Merbold and Hilmers who share a 12-hour shift did an extra experiment Tuesday night: They rolled head over heels in a rotating chair for a study on space motion sickness. Each wore a special contact lens with cross hairs over the iris and pupil to accentuate eye movements, which were recorded on video. CREW MEMBERS on Tuesday also took a moment to reflect on the sixth anniversary of the Challenger explosion that killed seven astronauts. Discovery’s crew is the first to be in orbit on the anniversary. “It being the 28th, we’re all very mindful of the sacrifices made along the way,” astronaut William Readdy said. Norman Thagard, who is making his fourth space trip, will hold the shuttle flying record by the time Discovery touches down at Edwards Air Force Base in California. With landing scheduled for 11:07 a.m. EST, he will have spent 604 hours in orbit, six hours over the mark set by Story Musgrave on the last mission.
F tI E i Be
TOM HARKIN Goodbye, George
Opponents give Bush low marks MANCHESTER, N.H. (AP) The men who would replace * President Bush were split on whether his State of the Union address offered too much or too little. But they were unanimous in calling its promises too late and from a man who can’t be trusted to keep them. ALTHOUGH they were quick to criticize the president, many of the themes Bush used' Tuesday night echoed those' heard as the 1992 campaign' heats up in New Hampshire:, health care, welfare reform,' trade and a promise to take care of problems at home with money now spent abroad. Congressional Democrats,* who have the first crack at Bush’s promises when they become legislation, also said the* flurry of proposals belied his three-year White House record. Sounding the overall Democratic critique was House Speaker Thomas Foley, DWash., who said Democrats would dedicate the election year to helping the working and middle classes. “IN SHORT, WE seek a fundamental change from the unsuccessful economic policies of the past 12 years,” Foley said. “We will insist that this time, the benefits must go to working families, not to the privileged.” “America needs a president who is ready to lead, not a president who comes to the American public with an election-year litany that gives an inaccurate perspective of the real state of the union,” said Democratic presidential candidate Bob Kerrey, a Nebraska senator. “We’re going to read the record, and the record is four', years of neglect, four years of' broken promises,” said candidate Tom Harkin, an lowa’ senator. “YOU HAD four years,” he' warned Bush. “You failed. It’s' time to get out and let a real Democrat run this country again.” ’? ARKANSAS GOV. Bill Clinton, listening to the president’s* speech in Houston, heard Bush borrow his stump calls for welfare reform and improvements in race relations, but said they rang hollow. Clinton, who has proposed making college funds available to anyone in exchange for a payroll deduction or public service, said Bush’s proposal to allow penalty-free use of IRA money for college was shortsighted. “Can we possibly say the answer to education is to spend life savings?” Clinton said. “We were disappointed tonight. It was too little, too late.” ;
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