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(Continued from Page 1)) conception and design of a nuclear power plant to actual production, Warner said. That creates a cost structure which makes nuclear power “barely competitive" with fossil fuel “when in fact it could be relatively inexpensive."
Regulations Oppressive
There is “nothing more bitter than this oppressive whole range of regulations."
His own research shows, said the former Navy Secretary, that the single biggest increased cost of housing" is caused by the federal regulations.
Like his opponent, he says, he supports “the sunset principle,” providing for a periodic review of the cost and worth of government programs, but he would like that review made regularly more often than every 10 years.
Warner said he has always advocated across-the-board tax reductions for individuals. Asked if he believed the federal budget can be balanced, Warner said, “Sure.”
Take the tax rate structure and bring it down, he said. Couple with the redactions in federal spending and regulation and waste. “They go hand in hand.”
He said he feels that by such means the federal budget could be balanced by the year 1982, “when it’s the will of the Congress to do so.” Warner charged that his opponent “had never once” spoken for across-the-board tax reductions.
Big Spender* Dominate Warner said the Congress had been controlled for 40 of 44 years by one political party, the big progressive spenders, “who have spent our way into inflation.” Reluctantly, he said he supported a freeze on federal hiring but with “flexibility built in for contingencies you can't foresee.” Warner said he does not favor regulation of oil prices. If they go up, or reach a level at which imported oil and domestically produced oil prices combine at a higher level than now, “imposed conservation" would take effect. "People would simply not be able to pay the prices” and would use less, the former Bicentennial administrator said. Warner said he believes in
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