European Stars And Stripes (Newspaper) - February 7, 1981, Darmstadt, Hesse                                February the stars and stripes Page 27 Reagan asks Economy cuts continued from Page 1 make his Point about the shrinking later he showed two charts to illustrate in simple terms How he would seek to balance the reaction to reagans speech in Congress was generally supportive from republicans and democrats alike at least until he proposes specific Jim chairman of the House budget called the speech a very Good first step and there will be Basic agreement on the Over All goal and general agreement As to the our Reagan is to increase our National wealth so All will have not just redistribute what we already have which is just a sharing of Reagan Drew Only the Broad outlines of his economic which he will pre sent in detail to a joint session of Congress we cannot delay in implementing an economic program aimed at both reducing tax rates to stimulate productivity and reducing the growth in government to reduce unemployment and he his address was an Appeal for support from the democrats and republicans from the executive Branch of from Federal from business and from to you my fellow let us join in a new determination to rebuild the foundations of our to work together to act Reagan although a preliminary list of cuts pro posed by his administration hits hard at social programs for the poor and the Unzem Reagan said our spending cuts will not be at the expense of the truly we seek to eliminate benefits to those who Are not really qualified by reason of he to Back his estimation of the seriousness of the economic Reagan quoted what he called a few attention getters from a comprehensive audit he commissioned from Murray proposed head of the Council of economic the Federal budget is out of control and Poison reported mixed with Amsterdam heroin Germany according to German police dutch authorities Are warning that heroin recently offered on the Amsterdam Market has been mixed with a poisonous the Amsterdam police assume that the poisoned heroin is also being sold on the european a German spokesman according to the police users of the poisoned heroin Are subject to attacks of paralysis of the arms and we face runaway deficits of almost Bil for this budget year that ends he Carter administration economists had estimated the deficit at Bil Reagan said the annual Federal govern ment payroll had grown billion in 20 the country has had two years of Bac Toback double digit Mort Gage rates Are times higher than they were in 1960 and the National debt ceiling which he himself is seeking to raise will top a trillion dollars before it can be and he there Are 7 Mil lion americans caught up in the personal indignity and human tragedy of a employ if they stood in a line allowing 3 feet for each person the line would reach from the coast of Maine to it is time to recognize that we have come to a turning we Are threatened with an economic calamity of tremendous proportions and the old business As usual treatment cant save the president his 18 message to Rea Gan will propose budget cuts in Virtu ally every department of he said his Cabinet secretaries would continue to search out areas of extravagance and costly administrative overhead for additional reductions in at the same time we Are doing we must go Forward with a tax Relief the president excessive taxation of individuals has robbed us of incentive and made overtime Reagan confirmed he would keep his Campaign Promise to ask Congress for a 10 percent reduction across the Board in per Sonal income tax rates for each of the next three he said he would seek also to accelerate depreciation allowances for business to provide necessary capital so As to create Reagan referred to a simple graph to conversion rates London up fridays closing rates for the Dollar to other figures Are expressed in dollars to the Brit ish Pound and other local currencies to Dol 5 6 British German French 4w25 dutch 2 32875 belgian 34 50 italian Swiss austrian 15 23 greek 5io5 turkish 9190 Spanish 84 93 Canadian these Are commercial rates and can be related Only to the use of foreign currency by forces for official sales of German Marks to personnel for personal use will be at the rate of monday based on a Price fixing at midday and allows for Standard handling stocks Courtesy of Dean Witter Reynolds Frankfurt Dusseldorf 3 prices Allied am Arda am am am am 1 am am Elam 1 am 44 am 1 a at Bell Beth Bristol Cater pub Chase Cox corp Gypsum West Clark coca show How he intends to bring spending and taxes into the first showed spending rising More steeply than Revenue but in the they converge meaning a balanced he government revenues will increase As the Economy he but the Bur Den will be lighter for each individual be cause the economic base will have been expanded by reason of the reduced the president said the thrust of his pro Gram was to increase productivity rather than to attack inflation and unemployment in the weve tried to fight inflation one year and then when unemployment in turn the next year to fighting unemployment with More deficit spending As a pump so up goes it Hast he we dont have to choose Between inflation and unemployment they go hand in its time to try something different Andt hats what were going to he Reagan said America had the lowest rate of gain in productivity of virtually All the industrialized nations with which it com petes in the world he out produces America in both automobiles and this int because they Are better work he ill match the american working Man or woman against anyone in the but we have to give them the modern tools and equipment that workers in the other Industrial nations we invented the Assembly line and mass but punitive tax policies and excessive and unnecessary regulations plus government borrowing have stifled our Abil Ity to update Plant and underlining his opposition to government he when capital invest ment is made it is too often for some unproductive alterations demanded by govern ment to meet various of its House Price gains Trail inflation rate Washington a for the first time since House prices Are not in creasing As fast As the inflation a Sig Nal to speculators that residential real estate May no longer be an investment say several the Era where House prices double in five years is said Michael chief economist of the National association of people who came into the housing mar Ket for a Quick kill will not do Well in this new said Thomas an economist for the league of saving there May be some Profita ble pockets for in places like California and but in they wont find huge Price the Commerce department reported that the average Price of new single family Homes last year Rose 11 from 700 to the consumer Price increased percent in from october through Home prices actually fell the department head of prison is shifted after Ira guerrillas escape London a the governor of London Brixton Michael has been transferred following the 16 escape by top Irish Republican army guerrilla Gerard Tuite and two other the Home office Selby will be replaced by Anthony Pear formerly in charge of the maximum Security Gar tree prison in Central Dow Jones new York a Dow Jones closing Range of averages Friday saturday television of nov Germany High Low close change 30 industrials 20 transport 15 utilities 65 stocks 0900 Kartoon Karnoval 0940 Galaxy goof ups 1000 Battle of the planets i02s Speed buggy 1050 kids Are people too 1155 321 Contact 1225 wild life Cinema 1250 Young people special 1370 Mcaa basketball Ohio stale is Indiana 1445 Carters Farewell address 1505 Neptune world 1635 wide world of women 1705 Hee Haw guest Hee haters Are the kendalls and Rainy Bailey and the million Dolmer featured songs Are youd make an Angel Wanna a Lille too old to play cow boy and walk the 1800 news 1815 Neucom report 1835 the Waltons the system Johnboy tempers Honor Wilh mercy when he defends a freshman football player that has accused of stars Richard 1925 Happy Days rules to Date by Arnold is going to California for two so the gang goes up in the mountains to Blue of inn where leather Tus Cadero and the suedes Are playing 1950 Welcome Back Kotter the Drosins part i its the first Day of school and All the sweat hogs a except who has quit school to go to 2015 Laverne and Shirley the festival part ii the italian festival in new York Lav Ernes Frank enters a greased pol climbing contest in order to win a trip to Italy for his 2040 Tim Conway show Tim plays a Man Irving to gel change for a Bill from a hopelessly inept Bank hilarious spoofs of disaster films Are 2105 Harryo a police officer asks Harry to prove his innocence when he is arrested for an alleged 2155 second City to Marcello Sebastiano and his italian expressions count Floyd and his terrifying film called death 2220 thriller Melody of hate feigning a faded opera Star tries to blackmail his Verv successful wife into believing that his return from the dead would pose a problem to her impending marriage to a rising Young 2330 movie stardust 0100 movie Homer adult an 18vearold brought up in Small farm discovers that sex is he becomes estranged from his parents Over the length of his and experiences the pains and pleasures of growing stars Don Scardino and Tisa of nov Berlin 1210 football the Hula bowl 1420 sports whirl the race trans am features the running of the Donne Brooke trans am and a second segment on  soccer 1450 wide world of sports viewers escape to Oahu and the to see competitors swim 2 4 Bike ride 112 Miles and run 1545 Mcaa basketball Ohio state Indiana 1705 solid Gold 1800 news 1830 the Good an interview show featuring interesting and unusual guests who Are tops in their guest on this debut Are Oakland Raider Dave cartoonist Charles Schulz and Nobel prize winners Linus Pauling and 7855 from jump Street 1925 Barnaby Jones false witness bettys Volunteer work at a counselling Center takes on ominous overtones when a close Friend and co worker is the victim of a mysterious stars buddy Ebsen and Lee Meriwether 2015 special 2110 this is the Fri list for a firing squad an agent for a foreign country kills two people to obtain a coded list of underground resistance 2200 news 2235 soap adult 2300 second City to starts Back for another sctt station manager Edith prickly explains the stations and sctt claims the Cia has been involved in creating an earthquake 2325 movie something big adult a roguish Bandit encounters a series of unexpected complications when he attempts a daring robbery that he feels will make him Rich for stars Dean Martin and Brian 0105 Cannon sunday 0800 Barloon carnival 0900 Galaxy goof ups 0920 Battle of the planets 0945 Christopher closeup 1015 hour of Power 1105 sacred heart 1120 greatest sports legends a tribute to Bruno who held the worlds pro wrestling title for 12 1145 Nova results of overfishing around he world is causing a food shortage and increasing bitterness Between German television first program 1000 news 1003 movie a Corpse on vacation 1155 ski world cup 1255 press news 1300 news 1410 news 1415 sesame Street 1445 technical advice 1530 an afternoon in Stuttgart 1700 Catholic mass 1730 regional programs 1800 news 1805 sports 1900 regional programs 2000 news 2015 play old love 2200 news 2220 awarding a Fasching medal second program 1230 greek entertainment 1315 Spanish entertainment 1400 yugoslavian entertainment 1447 for children 1625 the puppets 1655 news 1700 West Germany reports 1750 the career Man 1900 news 1930 testament of a youth 2015 movie take ii mama 2145 news 2150 sports 2300 figure skating 2345 stories by Roald Dahl