Word: frostbelt
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...project-rugged and glamorous, unburdened by tradition, receptive to novel ideas-should play well among California voters, many of whom see themselves the same way. But Mickey Kantor, the high-gear manager of Mondale's California effort, asserts that his man will not lose the state, despite his Frostbelt starchiness. Says Kantor: "We're going to win here. The glitz won't bother Fritz...
Most hockey coaches come from the frostbelt-from what Vairo, with an outsider's irony, refers to as "the Massachusetts-Minnesota hockey establishment...
That fear, voiced by J.R. Prestidge of the Northeast-Midwest Institute, a research center in Washington, B.C., is shared by state officials throughout the industrial Frostbelt. The source of their concern: severance taxes, duties imposed by a state on its exports to other states of oil, natural gas, coal or other nonrenewable resources. The flow of these tax revenues from energy consumers to energy producers is creating antagonisms between the states much like those among nations. "The coal states have the power to become our OPEC within," says Washington Economist Sally Hunt Streiter. Complains New York Taxation and Finance Commissioner...
Besides the basic social problem of unemployment, the payment of unemployment insurance threatens to empty the coffers of many Frostbelt states. Beginning in 1979, insolvent unemployment programs forced states to borrow funds from the Federal Unemployment Account to pay unemployment insurance benefits. As of July, 1979, twelve Frostbelt states showed loans outstanding totaling $4.9 billion; Pennsylvania alone owed $1.2 billion. In all the south and west, Arkansas, Montana, and the District of Columbia owed only $100.6 million...
...point that minimum spending obligations necessitate deficit spending Defederalization would assure extreme neglect of social services where states lack the resources to address them. Whether because of the horrors of completely rotted industrial cities, or because of skyrocketing local corporate taxes, businesses would veritably fly out of Frostbelt regions...