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Page Two THE NEW BERN MIRROR, NEW BERN, N. C. Friday, August 3, 1973 President Nixon's Phase IV economic controls were only hours old when it became evident that prices of many consumers products, including many foods, were on their way up. Not only that, beef I am told is in short siq)ply and it may become a scarce item on the family table in a matter of days. The cost of owning a home and keeping it operating is going up at a rapid rate. Housing costs are rising far more rapidly than incomes and so are home repairs, and day-to- day expenses. The energy crisis, among other things, is adding greatly to the cost of keeping a residence. Inflation and the conditions which it breeds poses immense problems for us all whether we are growers, manufacturers, craftsmen or consumers. Once again we see that controls and price freezes work only for a short time, and only permit us to correct fundamental defects in the economy. What we are witnessing now in respect to inflation is in large measure due to excesses in federal spending that have eroded the value of the dollar and the resources of our country. Many of our troubles today are due to the unwise philosophy that was widely held in high places in our govern ment in the years following World War II that our country coidd afford the luxury of giving away vast amounts of our resources to other nations— more than $150 billion—without any detriment to the country. That ^ilosophy also made it impossible to hold down the costs of social welfare programs in this country. When the United States gave large sums to the citizens of other nations it could not politically deny benefits to our own im poverished citizens. Soon the “red ink” began to pile up yearly in the federal budget and new budget con cepts were adopted by one Administration after another to conceal the magnitude and the consequences ^ deficit spen ding from the people. l%ere is hope that change is on the way. Congress is making efforts at this session to restore fiscal responsibility in govern ment. Fiscal responsibility ought to be a matter of the highest priority. I am pleased that a biU which I introduced on PIANOS & ORGANS SAVE BIO WITH BALDWIN FACTORY JONES-POnS MUSIC COMPANY 727 Middle St. April 11 to establish new congressional budget procedures to set ceilings on both outlays and budget authority, S. 1541, was approved last we^ by the Senate Sub committee on Budgeting, Management and Expenditures of the Government Operations Committee. That bill now goes to the full Government Operations Committee, of which I am Chairman. I trust that the Committee can report this bill to the Senate after the August recess. The adoption of this measure would provide budget control by creating standing committees on the budget in both Houses of Congress, establishing a Congressional Office of the Budget equivalent in status to the General Accounting Office, moving up the date of sub mission of the President’s Budget from January to November 15 each year, providing for congressional to provide for a total rebiilding of the structure of budget control through new congressional procedures, a system that is urgently needed if the Federal Government is to get to the real causes of in flation. J4azeiA HAIR STYLING & BOUTIQUE i 1913 Trent Blvd. Dial 638-5322 F&L MOTORS Home of Sharp Cars FOOT-STOMPING MUSIC ... Strinc-thumping, dog-danc ing mountain music Virginia style . . . here at the Galax Old Fiddlers’ Convention and at other musical happenings throughout Virginia this spring and summer. review and approval of new so- called “backdoor spending’’ authority, requiring the adoption before April 15 each year of a concurrent resolution establishing overall and major category ceUings of the budget, and requiring the adoption of a second resolution before September 15 of each year of any changes in program inriorities. This measure, in essence. New Bern Loan & Jewelers Your Reliable Diamond & Watch Store. 21S MIDDLE ST. FREE PARKING YOUIL PROBABLY FIND IT AT Askew% Inc. HARDWARE AND BUILDING SUPPLIES 1101-3-5 Pollock Stract 17 So BERN Hlghv^ 17 South *VlA»ndeK whaf makes H- +as+e so good?"' MRMOflffV Of TM COCA^OIA COMPAKY IV New Bern Coca-Cola Bottling Works, Inc. NEW BERN, N. C. Final Summer Clearance OUR ENURE SIMMER STOCK NOW REOUCED TO Vi PRICE Coats Dresses Swimwear Sun Wear p R I c E Shoes Bags Accessories Sportswear GROUP OF 1 GROUP OF FOLDING SLIPPERS 1 CANVAS FOOTWEAR 14 PRICE 1 V2 PRICE OUR FALL & WINTER MERCHANDISE IS ARRIVING DAILY The Fashion Center Your Center For Finer Feminine Fashions 219 MIDDLE ST. DOWNTOWN NEW BERN
The New Bern Mirror (New Bern, N.C.)
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Aug. 3, 1973, edition 1
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