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Federal Budget, 1973 #17643

ABC Evening News for Monday, Jan 24, 1972
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(Studio) President Nixon sends proposed 1973 budget to Congress Requests rigid ceiling to prevent raids on treasury. Budget is record size for peace time.
REPORTER: Howard K. Smith

(DC) Reporter recalls Nixon's 1970 State of the Union pledge to balance budget, citing federal deficits since then. [Treasury Secretary John CONNALLY - says deficit budget will reduce unemployment without fueling inflation.] Budget costs outlined: 45% Human Resources; 32% National Defense; 6% Interest; 7% Misc.; 10% Physical Resources.
REPORTER: Bill Zimmerman

(Studio) New technology plan include envtl. programs and aid to United States competitive industry. Innovations include: helicopters for emergency medical care, paramedics, hospitals; personal rapid transit; fire detection and control; electronic mail service; earthquake prediction and control; short take-off transport; heavy lift helicopter; and 2 dozen more.
REPORTER: Jules Bergman

(Studio) Senate Appropriations Committee Chairperson Allen Ellender says budget will come under close scrutiny. House Appropriations Committee Chairperson George Mahon says budget indicates brink of financial collapse. Senator Edmund Muskie says budget shows disastrous management of economy. House Republican leader Gerald Ford says Nixon ending inflation.
REPORTER: Howard K. Smith

Reporter(s):
Bergman, Jules;
Smith, Howard K.;
Zimmerman, Bill
Duration:
00:05:20

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