TITLE

LETTER FROM WASHINGTON

AUTHOR(S)
Cato
PUB. DATE
February 1975
SOURCE
National Review;2/14/1975, Vol. 27 Issue 5, p146
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on political developments in the U.S. Senator William Roth expresses his view on U.S. President Gerald R. Ford's proposal of a five percent limit on the Social Security cost-of-living increases. He thinks that the plan is similar to the Family Assistance Plan of the administration of former President Richard Nixon. It is reported that the U.S. government has announced plans to borrow $28 billion to finance growing deficits as the Americans filed a record number of new claims for unemployment compensation. Democratic Senators predicted that there is no chance that the Congress will approve one of President Ford's key economy proposals--the 5 per cent limit on the Social Security cost-of-living increase.
ACCESSION #
6119753

 

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