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Page Two THE NEW BERN MIRROR, NEW BERN, N. C. Friday, October 12. 1973 Vv . -.NY r f .* y O'O' r f c r r i i %* S ^»*i*o ‘i » * f o‘o*i i i r T There is much concern abroad in the land over the condition of the Federal budget and how we can find a better way to find sufficient monies to fund priority spending and eliminate unnecessary programs. The fiscal situation today declares that hard choices must be made. Hiere is no longer :the prospect that there will be "peace dividends" that will carry us through the rest of this decade to fund new programs for national purposes. What this means is that nothing on the horizon will allow a painless way of financing a multitude of new spending proposals that will confront us in the im mediate future. 'All of this makes it thpre imperative that Congress' r'eform its budget niakiog processes. Basic Congressronal tools to control Federal s|fen- ding have changed little isificel the passage of the Budget and' - Accounting Act of 1921—more i than 50 years ago. Expenditures have grown a hundredfold since the 1920's. In the 43 years since 1931, only six have ended-up with a surplus in the Federal Budget. In the three fiscal years 1971. 1972, 1973 deficits' have rpnged between $24 and $29 billion annually. Nearly nine-tenths of the work of the Congress concerns spending and taxation. The Employment Act of- 1946 commits the federal govern ment to relate its money actions to the overall needs of the national economy—to avoid high unemployment and ex cessive inflation. The Con stitution clearly gives the Congress the power of the piirse. What is needed is a better procedure to deal with spending and revenues. Members of Congress con stantly confront demands-for higher spending and lower taxes. In recent years, this proUem has reached crisis proportions. To find a way out this dilemma, on April llth,' I in troduced the Congressional Budgetary Procedures Act, S. 1541. This legislation recently was approved by the Senate Budget Subcommittee. The bill now being considered by the full Government Operations Committee would establish a standing Committee on the Budget in each House. The budget appropriations process would begin November 15 leading to a Congressional resolution on the Budget by ' April 15. This would pave Ihe way for Congressional action on all appropriations and new ' authorizing legislation by June 30th prior to the beginning of the new fiscal year on July 1st. Under this legislation. Congress would decide on the apiN-opriate level of surplus or deficit based on economic conditions, based on estimated revenues, and would direct changes in revenues or the debt limit. Moreover, the Congress would base spending totals on an overall spending ceiling and subceilings to which all spen ding bills would be linked. Appropriations and other spending bills would have to comply with budget ceilings and allocations, subject to changing economic conditions and national needs. The legislation also establishes the concept that -Congress would base spending on - priorities for allocating .'spending -among competing -national Heeds. We' -are Jong overdue for a meaningful budget refwm. I hope that Congress will be able to act on this measure soon. It :will provided a needed refor mation of the Congressional budget process. GOT A PROBLEM? - CAll - Willis Plumbing & Heating Co. 638-1091 Scott TILE AND CARPETING LC. scon, JR. 637-3923 iMERCURY I LINCOLN PIANOS TRY BEFORE YOU BUY $10.00 a Month Rents a New Wurlitzer Piano. R«nl Appliat to Purchase If You Buy. FULLER'S MUSIC HOUSE 216’; Middle Street New Bern, N C I JOE AlCOKE LINCOLN-MERCURY 420 Tryon Palace Drive HALESTATC mmiSFEIIS J. Frank Efird and wife, Margaret M. Efird, to William C. Terrell and wife, Barbara C. Terrell. Property in River Bend. Willie Jones and wife, Eva Jones, to Thomas L. Jones and wife Shirley R. Jones. Property in Meehanicsviile. W. A. Griffin and wife, Vickie 11. Griffin, to W. M. Griffin and wife. Novella Griffin. Property in No. I Township. S. H. Fowler, Jr., and wife, Allie Dilday Fowler, to Edward Fenner and Ardella Fenner. Property on Burn street. William Hatch and wife, Ossie P. Hatch; Fannie Hatch; and Alpha H. Pollock to Mary E. Hatch Hyman. Property on Bryan street. River Bend Plantation, Inc., to Neill Judson Hines, III, and wife, Beverly L. Hines. Properly in River Bend. W. K. Gaskins and wife, Lena Gaskins to James B. Gaskins and wife, Mary Lou Gaskins. Properly in No. 1 Township. Freddie Allen Fisher to Ossie They’ll take you there And bring you back. If you ride on tires You bought from Jack. MORTON MOTOR CO., INC. 410 Tryon P^alace Drive Roosevelt Ellis and wife, Alma Tucker Fisher Ellis. Property in No. 5 Township. John B. Braddy and wife, Margaret K. Braddy; and B. A. Huryn and wife, Jean S. Huryn, to Dr. Devereux H. Lippitt and wife, Gabrielle P. Lippitt. Hagar Brown and husband, Lumus Brown, III, to Gertrude Royal. Property in Pembroke. HAVE YOU LOST YOUR APPETITE? . . . You'll find it at The Parkway # CENTER “Your Center for Finer Fashions’* 219 Middle St. Downtown New Bern total now wear caressa look this way for two of today's slickest styles, both are well heeled sophisticates with marvelous fashion platforms and sleek higher vamps, the sling in amber, navy, red or camel hid.. .the pump in camel or black kid. each $24 re-d/2/La£ AND LOAN ASSOCIATION HOUCvK ^iRttl BtRN rJOKlM CAROLINA 28A60 T t if, t i
The New Bern Mirror (New Bern, N.C.)
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