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Defense Spending / Pros and Cons #203522

CBS Evening News for Tuesday, May 13, 1969
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(Studio) Army General says Cheyenne helicopter could cost $200 million more because of delay in production. Says crafts' performance raises doubts. Reporter studies pros and cons of military spending.
REPORTER: Walter Cronkite

(DC) Since WWII, military spent $1 trillion on military hardware; billion on projects that didn't work. Congress questions military budget for 1st time. [Pentagon Director Research and Engineering Dr. John FOSTER, JR. - says charges of wasting money not true. 1/2 money spent on development No. dvts. canceled because they're competing prototypes. Others canceled because threat didn't mature. Some projects withdrawn because they were obsolete. Makes analogy between waste of defense spending and waste of life ins. policy.] Reporter asks for military and industry complex appraisal. [FOSTER - calls it a necessity to have military capability. Nothing can force programs through Congress] [Assistant Defense Secretary Barry SHILLITO - says Eisenhower said we had to have strong military industry complex.] Rptd. Pentagon tried to protect Lockheed stock by covering up C-5-A plane price rises. Representative William Moorhead discusses conclusions about C-5-A and Navy F-Ill. [MOORHEAD - says contractors need financial help from defense department]
REPORTER: Steve Rowan

(DC) [Senator Stuart SYMINGTON - calls it a poorly managed business Need to question projects needed for security.]
REPORTER: Bruce Morton

(DC) Fight may not end until 100's overseas bases closed, Armed Forces cut in 1/2, and defense budget doesn't take 1/2 nation's. taxes.
REPORTER: Steve Rowan

Reporter(s):
Cronkite, Walter;
Morton, Bruce;
Rowan, Steve
Duration:
00:06:40

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