Panama City News-Herald from Panama City, Florida on June 27, 1974 · Page 28
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Panama City News-Herald from Panama City, Florida · Page 28

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Panama City, Florida
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Thursday, June 27, 1974
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Page 28
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Page IOC NEW»HKRAI,D, Panama City,, Ho.,Thur*<l»y ) ,limf 27, \m How WASHINGTON - (LENS) - After 20 months of study and wrangle, the Senate-and the House of Representatives agreed on June 5 on a final version of a bill to reform the chaotic way in which Congress goes about the apportionment of public money. Past presidents have, with some truth, portrayed Con* gress as having all the fiscal responsibility of a drunken sailor on a binge. But Mr. Nixon has gone well beyond mere criticism by systematically impounding or withholding funds which have been duly appropriated by Congress. As a device for deferring certain expenditures, impoundment can be a useful .tool of economic management by the executive. But, before his Watergate defense started to consume all his time and energy, Mr. Nixon seemed to be using it as a kind of pocket veto to kill programs that he disliked such as vocational rehabilitation, to take an example among many. All too conscious of its fiscal shortcomings, Congress felt helpless to mount a frontal challenge to this. One of the most important results of the budget reform is that it destroys the President's rationale for impounding funds. The bill sets out a clear F rocedure for dealing with uture impoundments. It obliges the President to ref iort any impoundment of unds to Congress, which will then have the power to negate his action by a simple resolution of either house. If the President wants to kill a particular program, then he will have to get a law through Congress to that end. This may lead to some skirmishing between the executive and legislative branches, but the reform should have the important side effect of making budget surpluses and deficits less unpredictable. Successive administrations have used deficits and surpluses to regulate the level of economic activity. Reform was badly needed. If Congress were a private company, no. reputable auditors would ever put their name to its books. Early each year the President sends his budget to Congress. It is then dismembered into 13 pieces, and each is entrusted to an appropriations subcommittee concerned with a particular area of government. But until an authorization bill coverin ered by the same committee. But for more than 100 years both the House and Senate have had committees solely concerned with tax matters. The House Ways and Means Committee and Senate Finance Committee have almost no idea what level of appropriations they are supposed to finance until a fiscal year is virtually over. Then there is the abuse of "backdoor" spending, or money that the standing com mittees decide to authorize, irrespective of the appropriation process. From 1968 to 1973 this added $30 billion to presidential budget requests. It is in that way that much "pork-barrel" federal aid finds its way to congressmen's constituencies. In part this muddle is the price that has to be paid for detailed legislative oversight of public money. The President has usually had the last word on the budget since the Bureau of the Budget was set up in 1921; now it is called the Office of Management and Budget and is 650 strong. The new reform proposes drastic changes. It sets up two budget committees, com* E osed of 23 members in the louse and 15 in the Senate, drawn from the various bodies that now deal piecemeal with the budget. It also proposes to set up a congressional budget office with a staff of 70 or 100 people to provide budget analyses. To prevent the old slippage of budgetary deadlines, fiscal years will start on October 1. This means that the 1976 fiscal year will be 15 months long and the 1977 fiscal year will begin on October 1,1976. By May 15 each year Con* gress win pass a concurrent resolution, setting the spending totals and, in broad terms, the subtotals, and fix a target surplus or deficit The usual appropriation process will occupy Congress until September 15, when Congress will take another bird's eye view by passing a second concurrent resolution, setting the total spending targets anew in the light of economic developments at the time. If the sum of individual appropriation bills exceeds this target, Congress will then have a choice of several courses: cutting appropriations, Increasing taxations or going further Into deficit, Will the reform work? The same Idea of budget ceilings was tried in 1946, and within two years it was Ignored as a farce. But the backers of this new reform are encouraged by the broad support it has received: the Senate passed it unanimously and the House by a vote of 386 votes to 23. Some liberals fear that the budget committees will become a haven for fiscal conservatives whom they foresee >arlng their cherished social programs. The reform does; however, permit budget deficits, merely providing, so far as procedural chahges can provide, that they will be deficits related to a general economic policy need, For his part, President Nixon may dislike the restriction on impoundment that is part of the reform, but he will hardly be able to claim that Congress has not met his general criticism or Its fiscal behavior. that area has been passec (authorization is merely Congress' statement of intent) no appropriation bill can be acted on. The standing committees dealing with the different fields of policy seldom hurry themselves to pass the authorizing bills. Thus the appropriation bills pile up behind authorization bills, like aircraft waiting to land on a crowded field. It is the exception rather than the rule for an appropriations bill to be passed before July 1, the start of the fiscal year for which it has to provide. The government then has to resort to continuing resolutions and stop-gap financing. The whole process is further drawn out by the fact that tax legislation, by law, and spending legislation, by custom, are considered by the Senate after the House. But the real weakness is that Congress does not relate one piece of spending to another or spending as a whole to revenue. It is usuallv considered bad form for the full appropriations committees to alter the amounts passed by their subcommittees. Spending used to be tailored to revenue in the simpler days of the early Republic when both subjects were consid- Tribute The tomb of King Mausolus of Anatolia (Turkey), built by his wife Artemesia, was so magnificent and renowned in the ancient world that his name has become identified with tombs • mausoleum. WORLD ALMANAC PACTS iO,0J»n 100 - 8 ).000 _ ]_ ,0! r he Recording Industry Association of America (RIAA) issued 186 Gold Recording Awards in 1973, which included 116 long play albums and tape equivalents and 70 single discs, The World Almanac says. These awards are made in two categories - for single discs which RIAA certifies as having sold one million copies, and for long play albums and tupe equivalents it certifies as having $1 million in sales at the manufacturer's level WHERE ECONOMY ORIGINATES MtOIUM SIZE YfcUOW PLAIN OR SELF RISING f A ^^^^^ .Ml WW YOUR CHOICE I JUMBO ROLLS LIMIT 1 W/7.50 FOOD ORDER ANN PAGE TOMATO KETCHUP WITH COUPON BELOW I OUR OWN INSTANT ANOSUGAI? LIMIT3W/$7.50.ORDER WITH COUPON IN THIS AD EIGHT O'CLOCK 32 oi. JUG 24 oz. JAR UmiHWith $7.50or men ordtr WITH COUPON BELOW IN THI! LimUTWith $7.50 or moraordtr MARVEL, SLICED 15<OFF LABEL 2% - or HOMOGINIZED SUITE RDHDPOWNY SOFTENER flfll|P» l|?I\tlf|/W DISPOSABLE DIAPERS . 64 oz. BTLE 12CT.BOX 20 oz. LOAVES GALLON JANE PARKER FRANKOR Uc MO o/.Pkg, I DISPOSABLE DIAPERS 12CT. BOX SANDWICH ROLLS 3/$l| Honey Buns 2!&79t JANfPARKER,RfG,4 RIPPIE Potato Chips .%59t NEPARKER Peach Pie 79* "ASSORTED FLAVORS SUGAR OCA! SWEET, .........QTSIZE £,jl\ INSHEIL 1 Kool Aid AM» ROASTED PEANUTS Kraft Barbecue Sauce - 4 ' Underwood Chicken Spread 59t Underwood ^Spread .'Sj&o' UNDERWOOD TUNA.CHICKENORHAM ^ Carnation Spreadables Jfe* w HI-C DRINKS...... GOLDEN QUARTERS MARGARINE MRS. FILBERTS 12 oi. can 46 oz. CANS I IB- CTN • •••••••••••••••a)* PRINGtES"NEWFANGLED" ISiNGlES4!£oiSAN s *sf I" rOTWO (H IPS JSKS 83* • ANN PAGE REGULATOR WITH ONIONS 18-oz .BQTJTLE|, 49* BARBEtlE SAICE SAW 300 E. 6TH ST. PANAMA PLAZA M : ( ) < i ( ) i c i r WHt «MA Oil Upmflh

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