Courier-Post from Camden, New Jersey • Page 8

COURIER-POST, Wednesday, May 10, 1995 18a I fry I i Roundup deputy director. House refuses to stop Coast Guard closures WASHINGTON The House refused Tuesday to block the U.S. Coast Guard's budget-driven decision to close 23 small boat stations, including four in New By Dennis Cook, Associated Press Hearing: Senate Budget Committee Chairman Sen. Pete Domenici, holds a copy of President Clinton's fiscal 1996 federal budget during a hearing of the committee Tuesday. Lautenberg yows to fight budget plan py DAVID BAUMAN iannett News Service WASHINGTON A Senate fiepublican blueprint to balance the budget in seven years by flowing spending for Medicare and Medicaid "is outrageous and intend to fight it as hard as I can," said Sen.

Frank Lautenberg, Reacting to Senate Budget rommittee Chairman Pete Do- rnenici's proposal unveiled Tues-' "ti'ay, Lautenberg predicted it ''Would devastate the health care of New Jersey residents vJhile doing nothing to ensure ''Medicare for future generations. "Before we destroy the Medicare program, we should look at other parts of the federal budget 'to cut," said Lautenberg, the second-ranking Democrat on the Senate budget panel. "The Republicans are willing to force seniors making under $25,000 a year to pay more for their health care so that they can give millionaires a tax cut." I Lautenberg's reaction was mirrored on the other side of Capitol lul by bouth Jersey Democrat Sep. Robert Andrews of Bell- jawr. "From what I've seen and heard about the House plan so the Senate but leaving him still short of the support needed to surmount a threatened filibuster.

The major challenge for the Tennessee obstetrician-gynecologist appears to be finding a way to overcome the procedural obstacles that may be thrown in his path by opponents, including GOP presidential rivals Bob Dole and Phil Gramm. Republicans hold a 54-46 majority in the Senate. It takes 60 votes to stop a filibuster. Gramm, of Texas, has threatened to filibuster the nomination. And Dole, the majority leader from Kansas, has suggested that even if the Labor and Human Resources Committee approves Foster he might not call the nomination for a vote by the full Senate.

He has shown signs of softening that stance recently. Senate OKs Deutch as new head for CIA WASHINGTON Without a ripple of dissent, the Senate voted Tuesday to install John M. Deutch as the new CIA director. A chemist by training, Deutch will try to restore the spy agency's lost luster. By a count of 98-0, the Senate handed Deutch the job he initially turned down after President Clinton's first CIA director, R.

James Woolsey, resigned in January. Deutch is to be sworn in as the 17th director of the CIA today. Adm. William O. Studeman, who has been acting director since Woolsey left, will revert to being Jersey.

On a 272-146 vote, the House defeated an amendment by Rep. James Traficant, D-Ohio, that would have blocked the closures, despite pleas that lives will be lost if the stations are closed. The stations slated for closure in New Jersey are Shark River, Townsends Inlet, Salem and Great Egg. Also, the Barnegat Light station would be consolidated with the Beach Haven station. One lane of road shut down near White House WASHINGTON The Secret Service closed down the lane of traffic on Pennsylvania Avenue nearest the White House late Tuesday afternoon in the most visible tightening of presidential security since the Oklahoma City bombing.

"One lane of Pennsylvania Avenue is being closed down," said Secret Service Spokesman David Adams. "I can't get into any particulars of why it is being done. We do not discuss security measures at the White House." Courier-Post wire services ing the federal budget by 2002, said Rep. Jim Saxton, In the process "they are determined to preserve, protect and improve Medicare, and would like to do so on a bipartisan basis," Saxton, of Mount Holly, said. By the White House's own account, Medicare will go broke in seven years, unless Congress takes action to ensure the program's solvency, he said.

"Fixing it (Medicare) means increasing spending every year," Saxton said. "That's right, but perhaps not as much as the Democrats propose. If we do nothing, and leave it the way it is, it means abandoning our commitment to the 34 million seniors who rely on Medicare, and to future beneficiaries as well." far, like the Senate proposal, unfortunately they both ignore many of the fat cat beneficiaries and target people least able to protect themselves," Andrews said. "There's not a lot of corporate welfare in either of the Republican plans, and I believe that is a very big mistake," he said. The plans put forward by both budget committees bind lawmakers to overall spending targets, but their proposals are advisory only.

Other committees make the final decisions on spending and taxes later this year. GOP leaders in Congress have committed themselves to balanc- Saxton criticizes pension diversion jflFRANKS' mss mM Lawsuit reform bill nears Senate passage WASHINGTON The Senate approved a proposal to reshape the nation's product-liability laws Tuesday, endorsing a retreat from an earlier version that would have limited punitive damage awards in all civil suits. By voice vote, the Senate adopted the compromise amendment worked out by Sens. Slade Gorton, and Jay Rockefeller, The measure pulls back from their original bill overhauling liability laws for faulty products and is a far cry from a sweeping package passed by the House in March as part of the GOP's "Contract With America." The new Senate proposal would limit punitive damage awards by juries hearing product-liability cases but would let judges override those limits in many instances. At the same time, it would grant a defendant the automatic right to a new trial if a judge increased a jury's award over the limit.

The bill was expected to win final passage today. Foster gets support from some in GOP WASHINGTON Dr. Henry Foster now has the backing of at least five moderate Republicans in his battle to become surgeon general, giving him a majority of mJm CVen' favors IT "I 4 top $1 I ear (3y DAVID BAUMAN Gannett News Service WASHINGTON Rep. Jim Saxton says the Clinton administration plans to use private pension to fund pet social projects, and he unveiled "legislation Tuesday to prevent a "hijack" of "retirement funds. "Pension plan managers should factor in one only when making investment decisions: the potential return to the investor," said "Incredibly, the administration tfoesn't see things this way." Senior administration officials said Saxton's kfheasure was intended to frighten people.

At issue whether the government should risk othe enormou.t economic clout of private pension iJFunds to improve society. With 36 million Americans participating in pension plans, the 'Federal Reserve estimates $4.7 trillion, or one-fifth of all the assets in the nation, are held in pension portfolios. Under current law, investments of pension funds must be made with the sole consideration of the beneficiaries. But Saxton, vice chairman of the Joint Economic Committee, fears the administration is targeting this immense pool of private wealth "to finance its ambitious social welfare schemes." His measure would bar the government from forcing private pension fund managers to invest a percentage of assets in so-called "economically targeted investments" ETIs. ETIs are motivated by social policy considerations such as low-income housing or supporting minority-owned businesses as well as returns.

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