St. Andrews*
S t
N ewspaper
ante
Vol. 31, No. 1
St. Andrews Presbyterian College
Laurinburg, N.C.
November 1992
The next economic agenda—Bush, Clinton or Perot?
By Jonathan Khazi
Election time has come again, and
with it the usual plethora of negative ads,
generous promises and mud-slinging in
general. The presidential election is prob
ably the most profound example of this,
and this election year in particular seems
to have set a record for all the above.
Nevertheless, our fearless, soon-to-be
leaders have lofty plans on how to lift the
U.S. from its current economic malaise.
It’s U'ue. And I will attempt to put forth in
this article an honest, objective analysis
of the economic programs of President
George Bush, Governor Bill Clinton and
H. Ross Perot. Some commentary on
these plans (which will most likely offend
members of all three political camps) will
then follow.
George Bush intends to revitalize the
economy primarily through tax cuts and
spending cuts as well as health care and
education reform and by giving new in
centives for businesses to increase invest-
meni. Specifically, Mr. Bush would cut
Election '92:
an analysis
income tax rates by 1% and would also
move to increase the personal exemption
on income tax forms. This would cost the
government approximately S160 billion
in tax revenue over five years. Other tax
cuts would include slicing the capital gains
tax credit for first-time home buyers. Also
included would be the creation of a $10
billion job training program and a health
care plan projected to cost $100 billion
ver five years. To reform education,
Mr.Bush would give students a voucher
to spend on public or private schools and
would cut education spending. The spend
ing cuts Mr. Bush has identified amount
to $130 billion.
B ill Clinton’s plan is centered around
new spending increases and changes in
the lax code. At the core is a proposal to
Alums share
success secrets
By Elizabeth Chesky
Thursday, October 22 was the first
program of the Success Series sponsored
jointly by the St. Andrews Business Club
, Alumni Affairs and Career Services. It
was the first of two presentations this year;
there will be another one in the spring.
Here, y’all are invited to hear the testimo
nies of graduates of St. Andrews and of
their success in their careers, which could
beextremely helpful to you as you venture
out into the real world after you graduate.
So if you missed this first one, remember
there’s another one comingup in the spring,
3nd seize the opportunity.
The first of our guests was Karen
Stone Gulledge who graduated in 1963,
obtained a Masters of Arts from East Caro
lina University in 1979 and a Doctorate of
Eduication from NovaUniversity in 1986.
She has worked for the N.C. Department
of Public Instruction since 1971, and she
t*«came the first female School Planning
Consultant in the state of North Carolina
in 1976. Her tide now is Chief Consultant
of School Planning for the N.C. Depart
ment of Public Instruction, And her ties
with Saint Andrews have brought her now
to hold a place on die S t. Andre ws Alum ni
Council and Board of Trustees.
In addition, Karen is a charter mem
ber of the St. Andrews Presbyterian
Church, and a member of the Southern
Association of Colleges and Schools. She
is also a member of the Council of Educa
tional Faculty Planners International and
the N.C. Association of School Adminis
trators.
A broad education, Karen believes,
such as can be gathered specifically by the
SAGE program, is key; it is the best way
to prepare oneself for the future. The
unique environment here, too, which al
lows opportunities for growth via its close-
knit aunosphere and relationships, is very
important. Essential also is creativity in
planning; keep an open mind and an open
continued on page 3
raise spending on public infrastructure by
$20 billion per year for four years. This
spending would concentrate on the cre
ation of new transportation, communica
tion and environmental systems. Mr.
Clinton proposes a health care program
that will cover everyone and will furnish
prescription drugs and more long-term
care. It is estimated to cost about $140
billion over four years. To stimulate the
economy, an investment tax credit would
be installed in the tax code costing $26
billion over four years and offering tax
breaks to corporations that increase their
investment and research and development
expenditures. Mr. Clinton will also raise
the top income tax bracket for upper-
income individuals and will lower the
income tax on the middle class, thus pro
ducing no significant gain or loss of rev
enue. Spending for job-lraining, educa
tion and other so-cal/ed “human capital”
investments would be increased by $140
billion over four years as estimated by Mr.
Clinton.
Mr. Perot’s economic plan is con
cerned primarily with eliminating the fed
eral deficit within five years. To do so,
certain taxes would be raised and spend
ing on some programs would be cut. In the
way of taxes, Mr. Perot would double
cigarette taxes, raise the gas tax by 10
cents per year for five years, raise the top
income tax rate to 33% per year, restrict
continued on page 3
Gathering Place
is place to be
on election night
By Logan Hejl
On November 3, the nation’s voters
will be going to the polls to select the
person who will lead the United States of
America for the next four years. On that
same night, the History Club will be spon
soring “Election Night” in the Gathering
Place.
Everyone will be able to view na
tional, stale, and local returns on many
televisions provided. Various Laurinburg
community leaders and St. Andrew’s pro
fessors will be present to lend their opin
ions on the ’92 campaign.
Come and join in the excitement
whelhier you are a conservative Bush-
backer, a Democrat, or a sheep in the Perot
flock. The festivities start at 6 p.m. Free
food and beverages will be provided.
PLAY OPENS THURSDAY: Bottoms (Todd Rodriguez) is corrected by
cast members Andy Goodman, Bonnie Cambron, Kellum Parks, Tifani
Christensen, Barbette Hunter, Fiona Montgomery and Casey Clark in
"The Rustics," excerpted from "A Midsummer Night's Dream." "Such
Stuff as Dreams Are Made On" includes excerpts from 23 plays by
William Shakespeare and will be presented by The Highland Players in
the Liberal Arts Theatre Thursday through Sunday. See story on page 4.