Friday, January 29, 1982
Daily Ncbraskan
Page 5
Reagan's budget reducing dissatisfies
Watchint! the State of tin? tin lllfl Illll'C'llin Turn-, I,..,
night was shocking. Just a year ago I was sure the country
was going lull speed ahead toward a fascist nightmrc
masquerading as the American Dream. Today, Ronald
Reagan has given me new confidence in the future.
Two things can happen in 1982, and liberals will love
either of them. Reagan's economic program will have to
work U) the satisfaction of the American people. If it
doesn't (and it won't) the American people will issue a
1N2 "mandate" quite different from the one conser
vatives thought they got in 1980.
To make the picture even rosier, the Republican Party
is showing signs of coming apart. Reagan's most universal
ly accepted campaign rhetoric dealt with reducing or
Matthew Millea
eliminating the huge federal budget deficits of recent
years, ine i cu lias been calling lor such action for some
time; even the Democrats agree.
Nearly everyone understands that the government must
reduce its borrowing to help take the presure off interest
rales. I say "nearly everyone" because our president,
against the advice of most of his aides and experts, has
decided to offer a record deficit so he can make transfer
payments to the rich (alias "tax and budget cuts"). If you
don't believe me, maybe you'll believe the December 21,
1 981. Wall Street Journal.
A. Gary Schilling &. Co., a New York economic con
sulting firm, came up with the following table showing the
results of federal cuts in billions of dollars:
Wallace . . .
Continued from Page 4
Well, you can understand the sentiment. "Getting"
Mike Wallace is sort of like catching the preacher in a cat
house. It is a great tee-hee story. It docs not even harm
the story any to say that Wallace didn't do anything that
most people haven't done at one time or another.
But once you get past the snickers, you have to con
clude that what San Diego Federal did to Wallace was
questionable. Wallace may be the master of the ambush,
but he ambushes for a purpose. You do not have to en
dorse his journalistic ethics to understand that he is, for
better or worse, after a story. And the story over the years
has generally been about exposing injustices. This has
made Wallace a star and 60 Minutes a smash hit.
So all San Diego Federal managed to do was hold a
man up to ridicule. The tape did not "get" Wallace in the
sense that it showed his reporting was biased or sloppy,
and it did not in the least detract from what 60 Minutes
put on the air.
Editorial policy
Unsigned editorials represent the policy of the spring
1982 Daily Nebraskan but do not necessarily reflect the
views of the University of Nebraska, its employees or the
NU Board of Regents.
The Daily Nebraskan's publishers are the regents, who
have established a publication board to supervise the daily
production of the newspaper. According to policy set by
the regents, the content of tne UNL student newspaper
lies solely in the hands of its students editors.
Nebffskaim
Editorials do not necessarily express the opinions of the Daily
Nebraskan's publishers, the NU Board of Regents, the University
of Nebraska and its employees or the student body.
UPSP 144-080
Editor: Martha Murdock; Managing editor: Janice Pigaga; News
editor: Dan Epp; Associate news editors: Patti Gallagher. Kathy
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ment editor: Bob Crisler; Sports editor: Larry Sparks; Art dir
ector: Dave Luebke; Photography chief: D. Eric Kircher; Graphic
designer: John G. Goecke.
Copy editors: Mary Ellen Behne. Bob Glissmann, Leslie Ken
drick, Susan MacDonald. Cathy Nichols. Melinda Norris, Kathy
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Business manager: Anne Shank-Volk; Production manager:
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Nebraska Union, 1400 R St.. Lincoln. Neb.. 68588. Telephone:
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Red Cross is counting
on you.
Income $11,500 1 1 ,500- 22,900-
or less 22,900 47,800 47,800
Budget
cuts ..! -15.5 -10.1 -2.8
Xfl x
cuts 1.1 4.7 10.7 12.0
Net
effect -8.0 -10.8 .6 9.2
Abandoning the quest to balance the budget will cost
Reagan the congressional support he has enjoyed thus far.
CHS News pointed out that Republican leaders Sens.
Howard Haker, R-Tcnn., and Robert Dole, R-Kan., are
urging increases in excise taxes to help avert the disaster
they see coining in November. If the president's plan
doesn't work in the next six months, he's certain to be
come a political leper.
CBS's Leslie Stahl indicated the trap the administration
has blundered into. They cannot continue to accept
credit for declines in inflation while at the same time in
sisting their program has not been given time to take
affect. It has to be one or the other.
To admit that the economic plan is aggravating the
unemployment problem would hurt Reagan's supporters
badly. Whatever they say about inflation and taxes, the
number one concern for the person on the street is getting
and keeping a job. The Democratic Party was in power for
a long time because it traditionally focused on employ
ment to the exclusion of fighting inflation.
As Claude Pepper pointed out in the Democratic
version of the State of the Union, the people of this
country can't be fooled as easily as the administration
thinks. If he's right, the cliches and catch-phrases of
politics are in for another sweeping change. People will be
adopting the new Democratic slogan: "Don't trickle down
on me!"
San Diego Federal could not possibly offer as a defense
for an allegedly shabby loan policy the fact that Wallace is
on tape, cracking an ethnic joke. One thing has nothing lo
do with the other. If the bank was trying to do to Wallace
what it thinks he does to others, it failed. It did not am
bush him; it merely embarrassed him.
In this sense, Wallace's remark, crude and insulting as it
was, is a red herring. It in no way exculpates what may or
may not be San Diego Federal's loan policy. And by it
self it "proves" nothing about Wallace, CBS or, for that
matter, the press.
But at the same time, nothing certainly not Wallace's
explanation that he is aways making ethnic jokes ex
cuses what he has done, f know that from my days in the
insurance biz. It did not matter to that Japanese woman
that the insult was accidental. The look of pain on her
face told me that. The only thing that mattered is that it
hurt.
(c) 1982, The Washington Post Company
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TAKE ONE - SPRING 1982
The American Film Classics Series presents:
KING KONG
Starring Fay Wray and Robert Armstrong (1933)
January 28 7.00 and 9:15 p.m.
GRAPES OF WRATH
Starring Henry Fonda and John Carradine (1941)
February 18 7:00 and 9:15 p.m.
BRINGING UP BABY
Starring Katharine Hepburn and Cary Grant
(1938)
February 25 7:00 and 9:00 p.m.
PHANTOM OF THE OPERA
Starring Lon Chaney and Mary Philbin (1925)
March 11 7:00 and 9:00 p.m.
CAT ON A HOT TIN ROOF
Starring Elizabeth Taylor and Paul Newman
April 8 7:00 and 9:15 p.m.
THE GRADUATE
Starring Dustin Hoffman, Anne Bancroft and
Katharine Ross (1967)
April 22 7:00 and 9:00 p.m.
SERIES TICKETS NOW ON SALE
$8 UNL STUDENTS, $12 GENERAL
AVAILABLE AT NEBRASKA UNION
NORTH DESK
Films shown at the Sheldon Film Theatre.
12th &R St.
Single admission is $2.50 for UNL Students
$3.00 General.
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Fnr more information, call 472-2454. VL-ZCS
