Week of January 26, 1983
State of the Union address -
President Reagan
declares that
runaway deficits pose “a clear and present danger’ to the Republic
and calls for a federal spending freeze and standby tax increases
that could be imposed in tow years. “I know this is strong medicine,
but so far we have only cut the rate of increase in federal spending.
The government has continued to spend more money each year,
though not as much as it did in the past.”
In an off-the-cuff remark, President Reagan declares that the corporate income
tax is “very hard to justify” and perhaps should be abolished. He made the
remark after paying a surprise visit to a working-class neighborhood bar in South
Boston.
President Reagan says he has given himself a swift kick for creating a political
firestorm with a suggestion that corporate income taxes be abolished. “I said
yesterday I would kick myself for having said it, and I have.”
President Reagan, when asked about the Super Bowl says - No plays will go in
from me.”
General Motors announces that it will call more than 21,000 auto workers back to
work in the next three months because of improved U.S. car sales.
Sports - Super Bowl XVII played at the Rose Bowl - over 103,000 saw The
Washington Redskins defeat the Miami Dolphins 20-17.
The Bel-Air home of Kareem Abdul-Jabbar is gutted by fire. Several people were
in the house at the time, but got out. Jabbar was in Boston and he’ll fly back
while the Lakers fly on to Texas for a game.
Passing - Famed Alabama coach
Paul (Bear) Bryant
who managed to win more games than any other coach in
college football history (so far). He was 69.
Media -
CBS says it is selling its Pacific Stereo outlets - all 83
locations.
