monday, november 16, 198j
page 4
daily nebraskan
pDflO
Huskers reward jubilant fans
Tom Osborne's first undisputed'
Big Eight championship is a welcome
addition to the many fine athletic
achievements the university has al
ready received.
Saturday's crowd at Memorial
Stadium was treated to an explos
ive fourth quarter showing that sent
Iowa State fans home dejected and
Husker fans scurrying to radios to
listen to the end of the Oklahoma
Missouri game.
Yet, even when Oklahoma tried
one of their patented miracle come
backs, this time the magic wasn't
there. And that, along with the
Husker victory, may have been the
most comforting part of Saturday
afternoon.
After the teams and the band left
the fieii. some fans just couldn't
bear to leave while the Big Eight title
came closer into reach. Husker fans
gathered around radios like they
were listening to the news that World
War II was over.
When time finally ran out on
Oklahoma, Husker fans gave a joy
ous yell acknowledging their well
deserved championship. Even better,
for the first time since taking the
head coaching job, Barry Switzer and
his Sooners failed to win the title.
"It's great that someone besides
Oklahoma is going to the Orange
Bowl as the Big Eight champion,
said Missouri Coach Warren Powers.
Truer words were never spoken.
Some may disapprove of editorial
izing on rah-rah subjects like foot
ball. But to deny the Husker team
the praise they deserve would be a
shame.
The Husker win was a great shot
in the arm for the morale of the
campus. Gaining the Orange Bowl
berth gave harried Husker fans a
chance to breathe easier before the
duel in Norman this week.
But Osborne told the media that
the Husker coaches and players
won't feel they have accomplished
all of their goals without a win
against arch-rival Oklahoma.
A win over Oklahoma would be
the icing on the cake for a successful
year for Osborne, his staff and play
ers. So Oklahoma Week has begun
and it's on to Norman and let's win
there.
I v ,V
Speakers criticize Reaganomics Professor to talk
By Eric Peterson
Wallace Peterson and Craig MacPhee, professor and
associate professor, respectively, in the UNL economics
department, disputed President Ronald Reagan's
economic policies in "Reaganomics: Beyond the Head
lines," part of the UNL College of Business Administrat
ion's CBA Days Saturday.
MacPhee, chairman of the economics department, said
the major intentions of the Reagan program are to reduce
and reallocate government expenditures, reduce tax rates,
reduce monetary growth with the aid of an accommodat'
ing fiscal policy, and reduce regulations and antitrust
enforcement.
These measures are necessary to encourage private
sector growth, he said.
"Private investment is the major source of unstable
economic conditions because government and consumer
spending remain relatively stable over time," he said.
"The problem with the income tax cuts is that they
will barely offset 'bracket creep. Bracket creep occurs
when increases in income push people into higher tax
brackets," he said,
Supply-sidedness questioned
Another questionable aspect of the Reagan program is
its supply -side basis, he said.
"Unfortunately, there is almost no evidence to suggest
that the supply-side effects will be significant," he said.
Tax cuts and little change in the level of government
spending will cause problems, he said.
"Unless Reagan makes budget cuts 2Vi times larger
than those he has already made, the federal budget
deficits will add to inflationary pressures," he said.
Monetary and fiscal restraints - plus several years of high
unemployment - are necessary to bring down inflation to
acceptable levels, he said.
Wallace Peterson challenged the Reagan assumptions
that federal spending is out of control and that govern
ment itself is the problem.
"When government spending has risen faster than total
spending, this has nearly always been caused by wars and
recessions " he said. The major exception to this pattern
was the 1972 budget, he said, when President Nixon jack
ed up federal spending to get reelected.
The federal government has not grown faster than the
rest of the country, Peterson said.
"Historically, the (growth of) federal government lags
far behind the growth of employment in other sectors,"
he said.
Numbers don't add
The Reaganomics plan likely will fail, Peterson said
'There are some very basic contradictions within the
Reagan program. The numbers simply don't add up
Addition to military spending plus the tax cuts exceed the
Reagan budget cuts by about $400 billion in the next
several years."
Peterson said the supply -side program is unworkable
politically and unsound economically.
Arthur Laffer, a California economics professor for
mulated the "Laffer's curve," which proposes thaTlowe -
SS revenue65 production and " increase
J0 great emPical basis for it at all " Peter
son said "These are just some old ideas in a new packa2e
Other administrations have tried tightening the monev
upply and stimulating the economy onjy deference
is that Reagan is trying to do both at the same urn"!"
A tight monetary policy, accompanied by drastic re
politically and 1 dofttlffi?!3d be "
The Reagan program has a hidden asenda u,.n u
said adding that a recent Atlantk MoZfy m
which David Stockman, director of the Office nfM.
ment and Budget, adrrdtted the Reagai S
on trickle-down economics - is espedaUy reveS
"Reaganomics is aiming at two things- to tet .
redistribution of wealth from the doo. La $-L, ?sslve
to the rich, and to render SSuSSSf
ive as an instrument to interfere in K'Te d!
Cuts in welfare and other tranfpr
disturbing, he said. rantfer payments are
"Over the last few years, the distribution of in L
been relatively stable," he said. CXb
caused by welfare programs, by giving lowL L
people a arger share of the national produCT YonZ
have social disruption in this country if you ad usHn
distribution toward the top. The LS
on arms control
UNL physics professor Leo Sartori will speak at the
charter meeting of the Cornhusker Chapter of the
Association of the U.S. Army at 7 p.m. Thursday.
Sartori's topic will be "Arms Control in U.S. Defense
Policy." Sartori recently returned from three years duty
with the U.S. Arms Control and Disarmament Agency. He
was affiliated with the Strategic Affairs Division, which
has principle responsibility within the agency for SALT
negotiations. The meeting and charter ceremony will be in
the Legionnarie Club at 5730 O St. The public is invited
to attend.
The purpose of the chapter is to provide a forum
whereby the citizens of Lincoln can be informed of
current defense matters and gain a better understanding of
the U.S. defense structure and defense needs.
nebraskan
uJ ?" 5 do not necessarily express the opinions of the Daily
nftEl V publi5hers, the NU Board of Regents, the University
or Nebraska and its employees or the student body.
PH. USPS 144-080
Nw 12V e Prentiss; Managing editor: Kathy Stokebrand;
HLhiJf aV- Ste.ve Mi,ler- Associate News editors: Dan Epp, K'f
I Hrnicek; N,9ht news editor: Martha Murdock;
editor L rf 'ltor: Kat Kopischke; Entertainment
LuX pk CJ3rk; Sport Xor- La'ry Sparks; Art director: Dave
tuebke. Photography chief: Mark Billingsley.
Kittvp'S mT?r: Anne Shank-Volk; Production manager:
S managXt "
KoJl0" chairP"": Margy McCleery. 472-2454.
The D i!T 0n Wa,ton' 473-7301.
Board MonH N.fra,kan is Published by the UNL PubJicat.ons
erj excent h thr0Ugh FridaV during the fall and soring semest-
ArtH 9 vacat'On.
reetrUna,nairlKNecb0kan- 34 Nebraska Union' 14th " "
A l nS2' i 68588' Telephone: 472-2588.
SwS 1 21?. the DaHv Nebraskan is covered by copynsht
Sal paid Lincoln. Neb. 68510.
"POSTM 5SrZg,02: $20 "mMter wbscription: $11. kafl
34 Nebraska ult 1 S1 "fl to Daily Nraskan
9Ska Un,on. Uth and R streets. Lincoln. Neb.. 68588.
