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Sen. McCarthy
“You can’t develop a foreign policy like ready mix,” he said. “It has to come out of experience. The whole Russian thing blows up, and nobody expected it. The Kremlinologists are left without a field of expertise. The CIA doesn’t know what its function is anymore.”
He’s not impressed by the candidates’ programs on the economy either. “They would be really good plans for about 1976 when we had two million unemployed, no balance of payments problem and the deficit under control,” he said. “Now we have 10 million unemployed, 30 million on food stamps, $100 billion problem with balance of payments and a $300 billion deficit. These proposals have little relevance. ”
He noted that former Sen. Paul Tsongas has opposed giving cost of living adjustments to Social Security recipients. “That’s not a very defensible position,” Sen. McCarthy said. He said he opposed indexing income tax brackets and government salaries. “There are two areas where indexing is all right: Social Security and the minimum wage,” he added, noting that formerly the Congress raised these items every year or two.
Both Tsongas and Clinton have favored reducing taxes on corporations, he noted. “Corporate taxes are so low now, not much can be done about them,” he said.
Of Jerry Brown’s campaign against “corruption in government,” Sen. McCarthy said, “The worst corruption of the process is taking matching funds from the federal government. I don’t think corruption is the problem as much as stupidity. None of these people were around in 1976 when we fought the Federal Election Law. We predicted
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