Image provided by: Morrow County Museum; Heppner, OR
About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (Aug. 23, 1979)
TWELVE The Heppner Gaiette-Tlmei, Heppner, Oregon, Thursday, August 23, 1979 Oregon's junior U.S. Sena tor, Bob Packwood-R, says the nation will experience a "slight recession" this year but he doesn't feel it will result in a depression. Speaking candidly to a luncheon group at West of Willow Restaurant in Heppner and also in a Gazette-Times interview following the Thurs day program, Packwood said the nation had experienced a "dramatic decline in produc tivity" hiring more people than we normally employ and there was "a lack of capital investment in our economy." Packwood said Congress will be trying to improve capital investment by lowered taxes on capital gains, in creasing the depreciation schedule from 5 to 10 years, reestablishing tax incentives to boost savings and increas ing the tax-free dividend allowance on stocks. "There's a push away from consumption to investment." "We are going to balance the federal budget," says Packwood, who as a member of the Senate Budget Commit tee has something to say about what he calls the "outer limits" of the federal budget. He said projects show the budget will realize an $8 billion surplus in the first year, $70 billion the next year, $132 billion the next and $270 billion the following year. "I hope that stops inflation, but of course", he said, "if OPEC doubles the price of oil, that would ripple through the economy." Turning to energy, Pack wood said the nation "should quit blaming other people for our dilemma. We are one of the richest nations in the world in natural resources." Using Japan as an example, he noted that the Japanese had a $40 billion balance of trade surplus but imports practically all of its natural resources coal, oil and na tural gas from other coun tries. Packwood cited the sugges tion that wheat shipments should be withheld from oil-producing nations as a trade weapon. He said "the bushels for barrels" idea won't work because "as a weapon of exchange, equivalency wasn't there". He recited statistics that the Arabs purchased only $1 billion in wheat compared to the U.S. purchase of $40 billion of Arab oil. "We have 200 years of oil shale, almost unlimited nu clear capacity." But if there are environmen tal and safety doubts about use of these fuels, Sen. Packwood said the nation could turn to wind, geother mal and other potential en ergy sources. Quoting the . conclustion of "The Energy Future", compiled by the Harvard Business School, that enough energy could be pro duced from geothermal and wind sources to meet the nation's needs without crash programs, he said the Oregon Technical Institute has been saving 11,000 barrels of oil a year in Klamath Falls with use of geothermal energy and by 1985, the city plans to convert 54 blocks to geother mal fuel. "There is no limit to what Americans can do. Quit wring ing our hands, quit crying. I am optimistic. There is no reason to be afraid of the future." Packwood is the co-sponsor of a bill allowing tax incen tives for development of wind, solar and geothermal sources of energy. Asked by Don Peterson, a cattle and wheat rancher, about the need to preserve private property admidst government regulation, Pack wood says his bill will empha size individual tax credits for development of energy re sources and was in full support of President Carter Packwood forecasts 6light recession Sllgg ests for organization of an Energy in Morrow County and there Packwood responded: "What information and a resolution Navy use of the Boardman "I don't believe the Navy with the U S have suddenly" MobilizaUon Board. was a need for the headwaters do you want me to do?" fr0m the chamber of com- Bombing Range and said he needs the bombing range." turned against Uncle Sam. Oryille Cutsforth told the of Willow Creek to be protec- t cutsforth replied, "We will be merce." had supported past moves to Packwood was asked why Said the Senator: "There's a Senator four creeks were dry ted from logging operations, sending you some background Packwood is opposed to have the site shifted. nations which were friendly r. - ii HERRfllSTON SAGER Emm "i r H o 1 UUUuiiLj I 1 H m m I I W&($! "Ln n ro) ruULru 1: '.' f ! 4 f P A:h A BE EF SIRLOIN TIP ROAST BONELESS, USDA CHOICE BEEF " o LB. BEEF SIRLOIN TIP STEAK CURE 81 HAMS! I I FRESH FRYER n Mil WASHINGTON GROWN, DAYS FRESHER BEEF CHUCK STEAICS BONELESS, USDA CHOICE BEEF LB. Boneless, USDA Choice lb. Smoked Boneless Halves, to S-lb. Average lb, You'll agree once you see our produce . . . it's got that fresh. crisp look that comes straight from, th.e garden. And such varietyl We've got locally grown fruits and vegetables in season, plus many exotic ones, too. PRICES EFFECTIVE AUGUST 22 THRU AUGUST 28, 1979 WE RESERVE THE RIGHT TO LIMIT QUANTITIES TIIHIftV nOlinlTirrfC Frozen USDA I Wl I 11 IUIWIU I lUlllll 'inspected lb SLICED BEEF LIVER WallaWalla Onions M.89 FRESH SOLE FILLETS ..... 2.29 2.29 49 89 CUREMASTER HAMS . Swift's, All MIKIfhV PHill Hn ACT Dark Meat, so on 21b. Pan ea. ..QU ,t2.63 1 Hormel, 2-3lb.Avg. we welcome FCS3 STJIUP SHOPPERS TURKEY WIENERS JENNIE-O, 12-OZ. PKG. try EA. ARMOUR LINKS LUNCH MEATS SLICED BACON LUNCH MEATs"s::,":; BAR S FRANKS Biggie. All Meat., lb TURKEY BREAST; Kulbaeey 6 Polish. Mb. Pkg ei ' Armour, 8 Varieties, I Sliced. 6-oz. Pkg I Rath Blackhawk. lb Rich's Sliced. oz. Pkg ea. 2.19 .75c 1.29 1.99 1.49 1.49 HYGRADE CORNED BEEF ti FOR OVEN ROASTING LB. KU.VTS TC.-.1ATO SAUCEaoz si 750 SUFJLITE SUNFLOWER OIL s $1.49 SWISS MISS INSTANT HOT CHOCOLATE, s.z. . $2.99 NALLEY'S CRUNCHI-O'S Aborted R.vor, .loz Size 990 DELTA BATHROOM TISSUE Assorted, 1-Ply, Pkg. of 8 $1.63 HEFTY TALL KITCHEN BAGS 11-Gal. Size, Pkg. of 15 $1 .09 MEOW MIX CAT FOOD Purina. Regular or Beef Liver Kidney. 3.5-lbs $1 .99 EA LM.iii.iti: i:yi32) WESTERN FAMILY, FARM FRESH, DOZEN DERMASSAGE UQUI0 DISH DETERGENT COLD POWER XE DARIG0LD COTTAGE CHEESE! 1.19 CRUNCH BARSs- :; 89c KRAFT MIDGET HORN CHEESESS,. 1.99 I 1 "'vmnHRMp -jr j mi rrm imamxt POWDERED DETERGENT 49-OZ. SIZE IRISH SPRING DAD Of! A n7oz uHn our tifattfir Shower Size i-T C 1 WW (TV fVMK i r t - t -1 i i carT r -1 la j w . virm LliMlllJririnlJrBil I 21 PIECE SOCKET SET STANDARD OR METRIC WRENCHES WET ONES MOIST TOWELETTES PKG.OF40 Co)v HEAVY DUTY PLASTIC CLOTHES PlillS 1 PKG. OF 50 1! Hermiston 305 SWIIth Umatilla 711 "H" St.
