Present Level of Knowledge
Currently, the concern that cooler temperatures would continue, and perhaps at a faster rate, has been observed to be incorrect by the IPCC. More has to be learned about climate, but the growing records have shown that the cooling concerns of 1975 have not been borne out.
As for the prospects of the end of the current interglacial (again, valid only in the absence of human perturbations): it isn't true that interglacials have previously only lasted about 10,000 years; and Milankovitch-type calculations indicate that the present interglacial would probably continue for tens of thousands of years naturally. Other estimates (Loutre and Berger, based on orbital calculations) put the unperturbed length of the present interglacial at 50,000 years. Berger (EGU 2005 presentation) believes that the present CO2 perturbation will last long enough to suppress the next glacial cycle entirely.
As the NAS report indicates, scientific knowledge regarding climate change was more uncertain than it is today. At the time that Rasool and Schneider wrote their 1971 paper, climatologists had not yet recognized the significance of greenhouse gases other than water vapor and carbon dioxide, such as methane, nitrous oxide, and chlorofluorocarbons. Early in that decade, carbon dioxide was the only widely studied human-influenced greenhouse gas. The attention drawn to atmospheric gases in the 1970s stimulated many discoveries in future decades. As the temperature pattern changed, global cooling was of waning interest by 1979.
Read more about this topic: Global Cooling
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—James Madison (1751–1836)