European Stars And Stripes (Newspaper) - September 29, 1988, Darmstadt, Hesse                                Thursday september 29, 1988 the stars and stripes Page 5 Dukakis chides Bush savings plan Acle continues to be Campaign Issue by David Espo a political writer George Bush courted the Middle class on tuesday with a modes plan o allow Small savers to put some thing away for a Rainy Day and defer taxes on the inter est. Michael Dukakis criticised Bush s proposal for pro Viding average americans with a Mere "20 Bucks a year while the Rich receive a to billion  the vice president got in he snap Piest one liner of the Campaign Day when he told an audience at Miami University in Ohio that a current television show re minds me of what interest rates might be if the democrats gel Back in again la s called  " the democrats ridiculed right Back. Asked what a Dan Quayle administration might look like. Democratic vice presidential candidate Lloyd by Olsen laughed and said very  asked later what he meant by Olsen laughed again an said i  Republican vice presidential candidate Quayle campaigned in Bentsyn s Home state of Texas where he challenged Dukakis to resign his membership in the american civil liberties Union. Let him today resign from the Acle. Let him renounce Alt their bizarre positions. Let him make Clear no More Wattling and backsliding that he no longer sup ports the outrageous stands that the Acle take so Quayle old a Houston rally of asian americans. Speaking before a crowd of several thousand people. Bush made a Dis i Naclion for the first time about his opposition to the Acle which he uses As a device to attack Dukakis As a Liberal because he belongs to the organization. I Don t have a quarrel with their work in you know helping whatever position they take in terms  Rig lit of an individual Bush said but i just Don t agree with the major positions that organization has taken in terms of legalizing pornography and its opposition to tax exemptions for religious institutions. Meanwhile a National poll released tuesday found that perceptions of sunday s presidential debate As a dead heat have increased with a plurality of respondents saying there was no Clear Winner. Forty two percent in the Abc news poll conducted monday night said the debate was a tie or did t know who won More than double the 20 percent who expressed one of Hose views after the debate sunday night. The two vice presidential candidates arc scheduled to debate on oct. 5 in Omaha. Neb., and the jockeying for advantage already is Well under Way. Democrats have criticized Quayle a sparingly during the Campaign but in an apparent bid to raise expectations about he Indiana senator s debate performance by Olsen characterized him As a skillful debater. I think Dan qua Pic is going to do very Well in the debate said the Texas senator. He said Quayle loves to debate on the Senate floor and " i m not so  Bush upgraded his own self evaluation in last Sun Day night s debate with Dukakis. I feel better today about the Way the debate went than i did the night of the  he joked about the hand ringers on his staff who feared he would massively foul it up Bush outlined his plan for a tax break for Low and Middle income people in a speech in Columbus Ohio. He called the program an individual savings account and said it would help the nation gain better control Over our Long term economic future plus help savers put something away fora Rainy  one adviser said the Ian deferred on interest the first year on is ,000 would save roughly 112 for a taxpayer m the 15 percent income tax bracket and slightly More in later  said the plan would allow Many americans to lock up As much As $1,000 a year in accounts of five years or More with Federal income lax deferred when withdrawn the accumulated interest would be taxed at the Saver s income lax rate then in effect. The tax break would be fully available to taxpayers with adjusted Gross income of less than 150,000 a year. To would gradually phase out until it disappeared for someone with adjusted Gross income of 560,000. Bush officials estimated the program would Benefit 8 million americans at a Cost to the Treasury of about s70 million in 1989 and 1550 million by 1993. Speaking to a crowd in the Chicago suburb of Mel Rose Park Dukakis poked fun at Bush s program. Twenty Bucks a year that s or. Bush s solution for average americans Dukakis said referring to his Campaign s calculation of the plan s financial benefits. He says it will make them average americans and Here i m quoting belter Able to afford a Home pay for College Start a business Twenty Bucks a year who s he kidding Compromise reached on student loan defaults new York not the depart ment of education s proposal to Cut of Federal Aid to colleges and Trade schools whose former students have High rates of defaulting on Bam has drawn such concerted opposition that the department has essentially agreed to id the next administration decide How Best to reduce the defaults which arc estimated to reach si.6 billion this year. Earlier this month the department said that beginning in 1991, it planned to end Aid to any College or Trade school where More than 20 percent of the for Mer students have defaulted on federally guaranteed student Loans. But Congress and lobbying groups for higher education while acknowledging the seriousness of the problem As Public and private financial Aid rises to record Levels criticized the department s Mea sures and drafted legislation that put less of a Burden on the schools to assure loan repayment. That legislation was withdrawn Friday after the education department extended he period for Public comment on its proposed regulations which needed no congressional approval. The comment period was extended to the end of february instead of uni january. That Means no further action is Likely until the next administration lakes of fice. Of the moral gun Nowd stucco it loan program amounts paid to lenders whose borrowers have defaulted on to War student Loans $1.6 1s81 b2 b3 84 85 86 87 88. Estimate Chicago title Xii owe. Source us. Top Wrignt of duo ton one of Edsei Jofto lobbying groups for colleges and Trad schools welcomed the Compromise. This gives us a Good Opportunity to work with the department to develop Good regulations on the default situation without the need for congressional intervention said Ellen Frishberg director of student Aid for the National association of Independent colleges and universities. Thomas Lyon a spokesman for the Federal Agency said tuesday thai no officials were available who could comment on the regulations. The jockeying in Washington was underscored by a report released last week that showed that financial Aid to Stu dents Rose in 198 7 to a record of $24.5 billion. The s3 billion increase from the 1986 Tola was by far the largest Rise Ever according to the study trends in student Aid 1980 to 1988," by the College Board. In 1980 financial Aid to undergraduate and graduate students totalled sit.2 Bil lion. The College Board also reported that Loans accounted for 112.4 billion Mak ing up More than half the record total and that the Federal government contrib utes about 75 percent of the Aid. The study found that the largest Feder Al Aid program was the Stafford student loan program formerly the guaranteed student loan program the very pro Gram beset by student loan defaults. Both Congress and the education department estimate that nearly half the program s $3.4 billion Cost for the fiscal year 1988 will go to repay default claims. The $1.6 billion in default repay ments the fourth largest expenditure of the education department s budget is 25 percent More than was paid out in1986, Federal officials said. The department estimates that 30 per cent of the 7,295 posts Condary schools in the country have default rates that exceed 20 percent. Department officials said hat most Are proprietary Trade schools Community colleges and historically Black colleges. Those who have taken Issue with the Federal department s proposal readily acknowledge the situation is a critical one. Despite he delay and the dispute Over what is to be done there appears to be widespread determination to attack the Sharp growth in the number and amount of student loan defaults. Clearly there s a problem with Stu Dent loan defaults that can t be allowed to continue said Samuel Myers executive director of the National association for equal Opportunity in higher education. Something has to be  group represents the nation s 117 historically Black colleges. Charges filed against Man in Coors Beer mouse Case Jacksonville Fla. A the state has filed product tampering and extortion charges against an unemployed construction worker who claimed he found a 6-Inch-Long decomposed mouse in a can of Coors Beer. James Harvey 30, claimed he found the mouse july 27. Harvey who sought $30,000 to s50,000 from tic brewery a compensation refused a $1,300 offer from the Adolph Coors co. For the can and the mouse. Separate court ordered studies at the University of Florida and copra Headquarters in Golden colo., including an examination of the dead mouse concluded the animal was placed inside the 1 trounce can after it left the brewery in May. We re alleging extortion said assistant stale attorney e. Mcrae Mathis. Malhis said the Coors Case is similar to the tylenol tampering Case a few years ago in terms of Public reaction. He added that the Case May be the first filed under a statute passed in july 1987 that strengthened penalties for Tam Pering with a product to injure a person or company. Malhis said Coors officials reported a 16 percent loss of sales nationwide since news reports about Harvey s allegations. Authorities believe Harvey has left Florida but Duval circuit judge r. Hudson Olliff Sci Bond at $50,000. In the stars and stripes 40 years ago today. Sept. 29, 1948 the International monetary fund announced that it was loan ing $6 million to Czechoslovakia the. First such credit granted loan Eastern bloc country. 30 years ago foe a. Sept. 29, 1958 the French a copse voted by a majority of s3 percent to accept the new Constitution drawn up by Premier Charles de Gaulle. 20 years ago Roday. Sept. 29, 1968 the controversial american musical  in which the actors and actresses appeared on stage nude was performed in London for the first Lime despite Public opposition 10 years ago today. Sept. 29, 1978 Afler ratification of the Camp David Middle East accords bythe israeli parliament israeli prime minister Minachem begin said that egyptian acceptance of the treaty was expected within three months