The daily Nebraskan. ([Lincoln, Neb.) 1901-current, November 16, 1981, Page page 4, Image 4
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. 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