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
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BONELESS,
USDA CHOICE BEEF
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LB.
BEEF SIRLOIN TIP STEAK
CURE 81 HAMS!
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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
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tifattfir
Shower Size i-T C
1 WW (TV fVMK
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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.