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STATE BI- STCal- C -- -- HIT? & '-- 4S1t ST. C0LUS3IA. BO. b" 1 74ih Year - No. 122 Good Morning! It's Sunday, February 7, 1982 5 Sections - 60 Pages - 50 Cents ' f NewYorfcTimes WASHINGTON President Reagan will send to Capitol Hill Monday a 1983 budget that urges Congress to " stay the course" and press on with his grand design for shrinking the size and re-sponsibilities of the federal government while exp-anding- the nation's military strength. As outlined in the budget message, the presi-dent's fiscal and economic strategy contem-plates continued monetary restraint, brisk re-ductions of inflation and a slow decline of unemployment. Insisting that no changes be made in the three- ye- ar tax cut enacted last year, Reagan projected several years of large budget deficits, which he ascribed to past policies. Elaborating on themes he has evoked in his first year in office, the president's budget calls for rapid growth of military spending and cuts in benefits for individuals and in other non- milita- ry programs. Since adoption of a $ 35 billion package of Rea-gan budget cuts last summer, the mood m Con-gress has grown more cautious. Evidently mindful of that, Reagan laced his message with exhortation. Under the heading " No Tune to Retreat," the chief executive sounded this battle cry : " Our task is to persevere, to stay the course; to shun retreat; to weather the temporary disloca-tions and pressures that must inevitably accom-pany the restoration of national economic, fiscal and military health." Distinguishing his own administration from its predecessors, Democratic and Republican, Rea-gan cited budget and tax cuts made last year and concluded, " For the first time in two decades, the destructive pattern of runaway spending, ris-ing tax- rate- s and expanding budgetary commit-ments has been slowed, and with the cooperation of Congress this year, will finally be broken. ' ' In an uncommonly long message presenting the budget, Reagan repeatedly cautions the Con-gress and the American people against trying to cure the present economic recession by spending more pr having the federal reserve make credit easy. Congressional Democrats . Saturday assailed the president's budget as unfair and unworkable, while Republicans predicted the president would have trouble selling the budget package to Re-publicans as weU as Democrats. Sen. Robert Dole, R- Ka- n., chairman of the fi-nance committee, said, " The Republicans I've talked with are frightened about the deficit." He called Reaaan'anrajpsal " acredibl1iudget" callous character of tf administration. " The administration understands that its man-date is about to mo otnV and toe radicals in the administration are pressing for allthey can get," said HartwHe added that the proposed new cuts m social programs " essentially eliminate the ladder of opportunity." Like presidents before him, Reagan is asking the Congress to ratify a long list of proposals for spending cuts, selective tax increases, user fees and a realignment of responsibilities with the states under the " New Federalism" banner un-furled in the State of the Union message. Inevitably, Reagan acknowledged, Congress will make some changes. Among the proposals that seem to have the least probability of adop-tion are the repeal of energy tax credits for busi-ness, user fees for aviation and recreational boating, deep cuts in subsidies for Amtrak pas-senger service, a massive expansion of federal leasing of offshore oil and gas lands, imposition of fees on low- inco- me Medicaid patients and thes sale of " surplus" federal property. Asserting that budget deficits " must be ad-dressed squarely," the president devoted three and a half pages of his 21- pa- ge message to this subject. But he did not refer to the widely held view that the 1981 tax cut has been an important contributing factor. Reagan did not reject directly suggestions by some Democrats and Republicans that the defi-cit could be reduced by stretching out the 1983 in-come tax cut, but the burden of his argument was to oppose such a change More soberly than a year ago, the budget of-fered this qualification: " But the widely antic-ipated decline in interest rates will not proceed as rapidly nor as predictably as many hope. The attitude of inflationary pessimism that has domi-nated economic behavior in recent years will not be dissolved quickly." As was true a year ago, there was some ques-tion whether the slow growth of money advised by the administration was sufficient to finance the forecast growth of the economy at more than 4 percent a year after allowing for inflation. The budget did not disclose the assumptions about the money supply made by the economists who pre-pared the forecast The most favorable part of the forecast was the slowdown of inflation. The administration fore-cast that from the autumn of 1981 to the autumn of 1982 inflation as measured by the Consumer Price Index would measure 66 percent, as against 8 9 percent in the 12 months through De-cember 1981 Such. a showing would whittle down the fiscal 1983 increases in Social Security pensions and other ttstefits that law are tied to the CPI. Reagan also proposed to modify the cost- of- livin- g formula for federal civilian and military re-tirees. He asked Congress to raise their benefits by the increase of the CPI or the pay raise for the civil servicejwfiicbever is less. " Under the bealHfJrsBrtictural changes," the detailed budget document projected that Rea-- igan's strategy would lead to larger shares of the government pie for defense, Social Security and health care and declines elsewhere. Those three parts of the budget would grow by 11 percent a year from 1983 to 1987. For fiscal 1983, the budget projected spending cuts of $ 43 billion, or almost as much again as the $ 45 billion of cuts approved by Congress. The Budget Dollar Fiscal Year 1983 Estimate WHERE IT Corporation COMES FROM... Income Taxes ." T J " Excise Taxes I IRnSseotccaainapcltes I tAJtf? B 29$ 6- orro-wig Vlnd. vidual Income 7 WHERE IT , Tas GOES... Direct Benefit Payments tor IncSvKjuals Grams lo fl""""-- - 43C States f 44 A . I and 11 1 Localities n -- y I J VL-- d. I National ifVNel Defense s& f Interest OOft " Other Federal XX 13$ Operations . r Pope State may outlaw drug look- alik- es that harm youth ByJIQMfller State capital feurean JEFFERSON CITY " Kiddy dope" may conjure images of colorful sugar pills and make- belie- ve drugs. But kiddy dope, which resembles amphetamine pills, often contains , chemicals capable of killing those who take it in search ofa high. Take the case of one Jefferson City 14- year- o- ld's reaction to three fake " speckled birds," a street name for a popular ampheta-mine. The young woman swallowed the tab-lets at 2: 30 p. m. Twenty minutes later she be-gan vomiting; she continued for 10 hours. Her blood pressure soared. The skin around her nose and mouth flushed deep red, and a " flaming red" streak appeared across her forehead, according to Linda Nelson, an al-cohol and drug abuse counselor at the hospi-tal where the victim ended up. Her blood pressure remained high for al-most three months. She stayed in Charles E. Still Osteopathic Hospital for three weeks. " These are dangerous drugs," Mrs. Nel-son says. Indeed they are. At least 14 people nation-wide have died from kiddy dope m the past two years. Almost all the 34 teenagers who entered Still Hospital for drug abuse treatment in the past year had mixed kiddy dope with alcohol ( See DOPE, Page 12A) Jtrrj Naunhttm Jr This card, advertising for " kiddy dope" distributors, was found in a local telephone booth. . ... . - - -- - i iiMwwwiMMMiMMwiBBi irmnmMTm iwn Reagan evaluates high deficit's causes WASHINGTON ( UPI) President Reagan, who once promised a balanced budget by 1984, said Saturday the recession, high interest rates, failures by Congress and his own success in fighting inflation are producing mas-sive deficits Reagan, m the fiscal 1983 budget he sent to Congress, also advanced arguments why projected deficits of $ 98 6 million this year and $ 91 5 billion in 1983 are not so bad. Among them was one heard in past years from Demo-cratic administrations' that the deficit is not large when viewed as a percentage of the gross national product Reagan listed four factors as causing the deficits. 1. The recession, which he said was the most important reason for the deficit. 2. High interest rates. 3. Iower inflation, which decreases the amount of money coming into the government because tax receipts are not artificially swollen by inflation. , A. Failure of Congress, to enact all of- hi- s programslasf year, including approving his Social Security revisions. However, in a section of the budget called " The budget deficit in perspective," Reagan cited three factors to consider when evaluating the the deficit's severity. First, he said, the deficit " is not unprecedented in the context of a recession and recovery cycle." Second, the deficits " reflect the excess spending commitments of the past." And third, the share of the gross national Droduct taken by taxes will be " substantially lower," and there-fore there still will be incentives to save. The budget in brief Highlights of the fiscal 1983 budget President Reagan sent to Con-gress TfiXeS No tax increases are proposed, but the budget recommends raising $ 7 2 billion by closing corporate loopholes and authorizing $ 2 5 billion in " user fees" for services now provided free to the public The administration estimates it will collect $ 666 1 billion in taxes in 1983 However, federal spending will continue to outpace receipts, leaving a $ 91 5 billion deficit OCIGHSG Congress received a record peacetime military bud-get of $ 215 9 billion for everything from personnel to bombers, nuclear missiles and submarines The Pentagon would get even more in total budget authority, which can extend over several years $ 43 7 billion more than 1982 SOCial Services Nearly $ 13 billion was specified for cuts in welfare, food stamps and other entitlement programs He would make it more difficult to receive public assistance, require able- bodi- ed recipients to look for work and make the poor and elderly chip in for health care. Social Security would not be touched FOOfl Stamps Reagan proposed cutting $ 1 7 billion from the food stamp program, which, through tighter eligibility rules and other steps, would drop an estimated 9 percent of the current recipients and cut the average monthly benefit from $ 41.98 to $ 39 93 JODS Despite 8 5 percent unemployment and a recession- plague- d job market, Reagan proposed a $ 2 6 bilhon cut in federal job and training programs in favor of state training AgriCllltlire The Agriculture Department faces budget cuts from $ 29 4 bilhon to $ 23 5 bilhon This reflects lower spending for commodity price supports, food stamps and rural housing loans MealfII The budget proposes turning over more federal health programs to the states and providing a slightly higher overall level of funding for health, despite personnel cuts Health care outlays would rise from $ 68 bilhon this year to $ 72 7 bilhon. Reagan wants Medicaid recipients to help pay. Environment A proposed $ 9 9 billion environmental bud-get cuts back sharply on spending by the Environmental Protection Agency. EQer2y The energy budget proposals were dominated by in-creased spending for atomic power and deep cuts in energy tax cred-its, low- inco- me grants and subsidized loans LoaH programs New cutbacks m many longstanding govern-ment- guaranteed loan programs were proposed, but increases in housing, veterans benefits and military assistance for foreign nations would offset the cuts by about 2.7 percent nOUSUlg Reagan, confident of a revitalized private- sect- or housing market; proposed sharp reductions in federal assistance for home buyers and renters, with overall spending of $ 7 3 bilhon for sub-sidized housing. JUStlCe The President proposed $ 2 67 bilhon for the Justice Department, an increase of 7.7 percent, in part to support the adminis-tration's crackdowns on narcotic trafficking and illegal aliens Regulation Proposals would cut the Federal Trade Com-mission's budget by more than $ 7 million, dismantling the Bureau of Alcohol, Tobacco and Firearms. IiisMe today Fulton State Hospital are being torn Nebraska snaps Tiger streak The unbeaten dream came to an end Saturday night as Nebraska swept Missouri off their own court 67- 5- 1. The Tigers experienced one of their coldest shooting nights of the season. Things wont get any easier for the Tigers Tuesday, as they travel to Lawrence, Kan. See IB. In town today 2 pjn. " The Chalk Garden," Stephens Col-lege Warehouse Theatre, tickets $ 2 and $ 4. 3 p. m. " Enoch Arden," a melodrama, Fine Arts Recital Hall, free. 8 pjn. Brass Chamber Concert, Fine Arts Recital Hall, University campus, free. In town Monday l p-- m. Special Business District Board of Directors meets, County- Cit- y building. 7: 30 pan. Boone County Sewer District ineetsCouito- Clt- y building. , 7: 39 pja. Columbia Public Schools Board of Education meets, 1818 W. Worley. Index Backgrotnd .... . .5C Newsmakers ....... ..... ........... 2k Picture page ......... ...... SB Sparta ........ ..... 1B- 4- B 2MCm6 MMMMNMMlfMMMMM( MfNHIMlBA'Vn ' 83 budget may assume too much New York Times WASHINGTON The Reagan administra-tion budget for the fiscal year 1983 is based on a body of economic assumptions that are optimistic and fraught with uncertainty. If the assumptions go sour, as many of them did in last year's economic forecast, the bud-get, already burdened with a high deficit, could look much worse. All administrations face this problem They have to make economic assumptions on which to base the budget and there is al-ways the possibility the projections will be wrong. In its 1983 budget released Saturday, the administration appears, at least to some analysts, to be ignoring the restraint on eco-nomic growth imposed by the Federal Re-serve Board's tight monetary policy, which the president endorses in his budget mes-sage to Congress. Reagan, m his budget, as-sumes relatively large economic growth to help hold the deficit in the next fiscal year to $ 91.5 billion and to bring down the deficit in subsequent years. Exactly one year ago today the president said in a televised address that the nation's ( See REAGAN'S, Page 12A)
Object Description
Title | Columbia Missourian Newspaper 1982-02-07 |
Description | Vol. 74th Year, No. 122 |
Subject |
Columbia (Mo.) -- Newspapers Boone County (Mo.) -- Newspapers |
Coverage | United States -- Missouri -- Boone County -- Columbia |
Language | English |
Date.Search | 1982-02-07 |
Type | Newspaper |
Format | |
Collection Name | Columbia Missourian Newspaper Collection |
Publisher.Digital | The Office of Library Systems of the University of Missouri |
Contributing Institution |
State Historical Society of Missouri University of Missouri School of Journalism |
Copy Request | Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply:http://shsmo.org/research/researchfees |
Description
Title | Full Page |
Date.Search | 1982-02-07 |
Type | page |
Item.Transcript | STATE BI- STCal- C -- -- HIT? & '-- 4S1t ST. C0LUS3IA. BO. b" 1 74ih Year - No. 122 Good Morning! It's Sunday, February 7, 1982 5 Sections - 60 Pages - 50 Cents ' f NewYorfcTimes WASHINGTON President Reagan will send to Capitol Hill Monday a 1983 budget that urges Congress to " stay the course" and press on with his grand design for shrinking the size and re-sponsibilities of the federal government while exp-anding- the nation's military strength. As outlined in the budget message, the presi-dent's fiscal and economic strategy contem-plates continued monetary restraint, brisk re-ductions of inflation and a slow decline of unemployment. Insisting that no changes be made in the three- ye- ar tax cut enacted last year, Reagan projected several years of large budget deficits, which he ascribed to past policies. Elaborating on themes he has evoked in his first year in office, the president's budget calls for rapid growth of military spending and cuts in benefits for individuals and in other non- milita- ry programs. Since adoption of a $ 35 billion package of Rea-gan budget cuts last summer, the mood m Con-gress has grown more cautious. Evidently mindful of that, Reagan laced his message with exhortation. Under the heading " No Tune to Retreat," the chief executive sounded this battle cry : " Our task is to persevere, to stay the course; to shun retreat; to weather the temporary disloca-tions and pressures that must inevitably accom-pany the restoration of national economic, fiscal and military health." Distinguishing his own administration from its predecessors, Democratic and Republican, Rea-gan cited budget and tax cuts made last year and concluded, " For the first time in two decades, the destructive pattern of runaway spending, ris-ing tax- rate- s and expanding budgetary commit-ments has been slowed, and with the cooperation of Congress this year, will finally be broken. ' ' In an uncommonly long message presenting the budget, Reagan repeatedly cautions the Con-gress and the American people against trying to cure the present economic recession by spending more pr having the federal reserve make credit easy. Congressional Democrats . Saturday assailed the president's budget as unfair and unworkable, while Republicans predicted the president would have trouble selling the budget package to Re-publicans as weU as Democrats. Sen. Robert Dole, R- Ka- n., chairman of the fi-nance committee, said, " The Republicans I've talked with are frightened about the deficit." He called Reaaan'anrajpsal " acredibl1iudget" callous character of tf administration. " The administration understands that its man-date is about to mo otnV and toe radicals in the administration are pressing for allthey can get," said HartwHe added that the proposed new cuts m social programs " essentially eliminate the ladder of opportunity." Like presidents before him, Reagan is asking the Congress to ratify a long list of proposals for spending cuts, selective tax increases, user fees and a realignment of responsibilities with the states under the " New Federalism" banner un-furled in the State of the Union message. Inevitably, Reagan acknowledged, Congress will make some changes. Among the proposals that seem to have the least probability of adop-tion are the repeal of energy tax credits for busi-ness, user fees for aviation and recreational boating, deep cuts in subsidies for Amtrak pas-senger service, a massive expansion of federal leasing of offshore oil and gas lands, imposition of fees on low- inco- me Medicaid patients and thes sale of " surplus" federal property. Asserting that budget deficits " must be ad-dressed squarely," the president devoted three and a half pages of his 21- pa- ge message to this subject. But he did not refer to the widely held view that the 1981 tax cut has been an important contributing factor. Reagan did not reject directly suggestions by some Democrats and Republicans that the defi-cit could be reduced by stretching out the 1983 in-come tax cut, but the burden of his argument was to oppose such a change More soberly than a year ago, the budget of-fered this qualification: " But the widely antic-ipated decline in interest rates will not proceed as rapidly nor as predictably as many hope. The attitude of inflationary pessimism that has domi-nated economic behavior in recent years will not be dissolved quickly." As was true a year ago, there was some ques-tion whether the slow growth of money advised by the administration was sufficient to finance the forecast growth of the economy at more than 4 percent a year after allowing for inflation. The budget did not disclose the assumptions about the money supply made by the economists who pre-pared the forecast The most favorable part of the forecast was the slowdown of inflation. The administration fore-cast that from the autumn of 1981 to the autumn of 1982 inflation as measured by the Consumer Price Index would measure 66 percent, as against 8 9 percent in the 12 months through De-cember 1981 Such. a showing would whittle down the fiscal 1983 increases in Social Security pensions and other ttstefits that law are tied to the CPI. Reagan also proposed to modify the cost- of- livin- g formula for federal civilian and military re-tirees. He asked Congress to raise their benefits by the increase of the CPI or the pay raise for the civil servicejwfiicbever is less. " Under the bealHfJrsBrtictural changes," the detailed budget document projected that Rea-- igan's strategy would lead to larger shares of the government pie for defense, Social Security and health care and declines elsewhere. Those three parts of the budget would grow by 11 percent a year from 1983 to 1987. For fiscal 1983, the budget projected spending cuts of $ 43 billion, or almost as much again as the $ 45 billion of cuts approved by Congress. The Budget Dollar Fiscal Year 1983 Estimate WHERE IT Corporation COMES FROM... Income Taxes ." T J " Excise Taxes I IRnSseotccaainapcltes I tAJtf? B 29$ 6- orro-wig Vlnd. vidual Income 7 WHERE IT , Tas GOES... Direct Benefit Payments tor IncSvKjuals Grams lo fl""""-- - 43C States f 44 A . I and 11 1 Localities n -- y I J VL-- d. I National ifVNel Defense s& f Interest OOft " Other Federal XX 13$ Operations . r Pope State may outlaw drug look- alik- es that harm youth ByJIQMfller State capital feurean JEFFERSON CITY " Kiddy dope" may conjure images of colorful sugar pills and make- belie- ve drugs. But kiddy dope, which resembles amphetamine pills, often contains , chemicals capable of killing those who take it in search ofa high. Take the case of one Jefferson City 14- year- o- ld's reaction to three fake " speckled birds," a street name for a popular ampheta-mine. The young woman swallowed the tab-lets at 2: 30 p. m. Twenty minutes later she be-gan vomiting; she continued for 10 hours. Her blood pressure soared. The skin around her nose and mouth flushed deep red, and a " flaming red" streak appeared across her forehead, according to Linda Nelson, an al-cohol and drug abuse counselor at the hospi-tal where the victim ended up. Her blood pressure remained high for al-most three months. She stayed in Charles E. Still Osteopathic Hospital for three weeks. " These are dangerous drugs," Mrs. Nel-son says. Indeed they are. At least 14 people nation-wide have died from kiddy dope m the past two years. Almost all the 34 teenagers who entered Still Hospital for drug abuse treatment in the past year had mixed kiddy dope with alcohol ( See DOPE, Page 12A) Jtrrj Naunhttm Jr This card, advertising for " kiddy dope" distributors, was found in a local telephone booth. . ... . - - -- - i iiMwwwiMMMiMMwiBBi irmnmMTm iwn Reagan evaluates high deficit's causes WASHINGTON ( UPI) President Reagan, who once promised a balanced budget by 1984, said Saturday the recession, high interest rates, failures by Congress and his own success in fighting inflation are producing mas-sive deficits Reagan, m the fiscal 1983 budget he sent to Congress, also advanced arguments why projected deficits of $ 98 6 million this year and $ 91 5 billion in 1983 are not so bad. Among them was one heard in past years from Demo-cratic administrations' that the deficit is not large when viewed as a percentage of the gross national product Reagan listed four factors as causing the deficits. 1. The recession, which he said was the most important reason for the deficit. 2. High interest rates. 3. Iower inflation, which decreases the amount of money coming into the government because tax receipts are not artificially swollen by inflation. , A. Failure of Congress, to enact all of- hi- s programslasf year, including approving his Social Security revisions. However, in a section of the budget called " The budget deficit in perspective," Reagan cited three factors to consider when evaluating the the deficit's severity. First, he said, the deficit " is not unprecedented in the context of a recession and recovery cycle." Second, the deficits " reflect the excess spending commitments of the past." And third, the share of the gross national Droduct taken by taxes will be " substantially lower," and there-fore there still will be incentives to save. The budget in brief Highlights of the fiscal 1983 budget President Reagan sent to Con-gress TfiXeS No tax increases are proposed, but the budget recommends raising $ 7 2 billion by closing corporate loopholes and authorizing $ 2 5 billion in " user fees" for services now provided free to the public The administration estimates it will collect $ 666 1 billion in taxes in 1983 However, federal spending will continue to outpace receipts, leaving a $ 91 5 billion deficit OCIGHSG Congress received a record peacetime military bud-get of $ 215 9 billion for everything from personnel to bombers, nuclear missiles and submarines The Pentagon would get even more in total budget authority, which can extend over several years $ 43 7 billion more than 1982 SOCial Services Nearly $ 13 billion was specified for cuts in welfare, food stamps and other entitlement programs He would make it more difficult to receive public assistance, require able- bodi- ed recipients to look for work and make the poor and elderly chip in for health care. Social Security would not be touched FOOfl Stamps Reagan proposed cutting $ 1 7 billion from the food stamp program, which, through tighter eligibility rules and other steps, would drop an estimated 9 percent of the current recipients and cut the average monthly benefit from $ 41.98 to $ 39 93 JODS Despite 8 5 percent unemployment and a recession- plague- d job market, Reagan proposed a $ 2 6 bilhon cut in federal job and training programs in favor of state training AgriCllltlire The Agriculture Department faces budget cuts from $ 29 4 bilhon to $ 23 5 bilhon This reflects lower spending for commodity price supports, food stamps and rural housing loans MealfII The budget proposes turning over more federal health programs to the states and providing a slightly higher overall level of funding for health, despite personnel cuts Health care outlays would rise from $ 68 bilhon this year to $ 72 7 bilhon. Reagan wants Medicaid recipients to help pay. Environment A proposed $ 9 9 billion environmental bud-get cuts back sharply on spending by the Environmental Protection Agency. EQer2y The energy budget proposals were dominated by in-creased spending for atomic power and deep cuts in energy tax cred-its, low- inco- me grants and subsidized loans LoaH programs New cutbacks m many longstanding govern-ment- guaranteed loan programs were proposed, but increases in housing, veterans benefits and military assistance for foreign nations would offset the cuts by about 2.7 percent nOUSUlg Reagan, confident of a revitalized private- sect- or housing market; proposed sharp reductions in federal assistance for home buyers and renters, with overall spending of $ 7 3 bilhon for sub-sidized housing. JUStlCe The President proposed $ 2 67 bilhon for the Justice Department, an increase of 7.7 percent, in part to support the adminis-tration's crackdowns on narcotic trafficking and illegal aliens Regulation Proposals would cut the Federal Trade Com-mission's budget by more than $ 7 million, dismantling the Bureau of Alcohol, Tobacco and Firearms. IiisMe today Fulton State Hospital are being torn Nebraska snaps Tiger streak The unbeaten dream came to an end Saturday night as Nebraska swept Missouri off their own court 67- 5- 1. The Tigers experienced one of their coldest shooting nights of the season. Things wont get any easier for the Tigers Tuesday, as they travel to Lawrence, Kan. See IB. In town today 2 pjn. " The Chalk Garden," Stephens Col-lege Warehouse Theatre, tickets $ 2 and $ 4. 3 p. m. " Enoch Arden," a melodrama, Fine Arts Recital Hall, free. 8 pjn. Brass Chamber Concert, Fine Arts Recital Hall, University campus, free. In town Monday l p-- m. Special Business District Board of Directors meets, County- Cit- y building. 7: 30 pan. Boone County Sewer District ineetsCouito- Clt- y building. , 7: 39 pja. Columbia Public Schools Board of Education meets, 1818 W. Worley. Index Backgrotnd .... . .5C Newsmakers ....... ..... ........... 2k Picture page ......... ...... SB Sparta ........ ..... 1B- 4- B 2MCm6 MMMMNMMlfMMMMM( MfNHIMlBA'Vn ' 83 budget may assume too much New York Times WASHINGTON The Reagan administra-tion budget for the fiscal year 1983 is based on a body of economic assumptions that are optimistic and fraught with uncertainty. If the assumptions go sour, as many of them did in last year's economic forecast, the bud-get, already burdened with a high deficit, could look much worse. All administrations face this problem They have to make economic assumptions on which to base the budget and there is al-ways the possibility the projections will be wrong. In its 1983 budget released Saturday, the administration appears, at least to some analysts, to be ignoring the restraint on eco-nomic growth imposed by the Federal Re-serve Board's tight monetary policy, which the president endorses in his budget mes-sage to Congress. Reagan, m his budget, as-sumes relatively large economic growth to help hold the deficit in the next fiscal year to $ 91.5 billion and to bring down the deficit in subsequent years. Exactly one year ago today the president said in a televised address that the nation's ( See REAGAN'S, Page 12A) |