CBS Evening News for Tuesday, May 27, 1969
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(Studio) House and Senator panel attacks Pentagon for billions wasted on weapons systems that don't work or work inadequately. Mil. buyers consider cost control antisocial activity.
REPORTER: Walter Cronkite
(DC) [Senator William PROXMIRE - says defense budget larger than need be. Bloated budget feeds inflation. Should get more defense for less money. Could reduce military spending by $10 billion without reducing combat effectiveness.] [Assistant Defense Secretary Barry SHILLITO - says new system to keep Congress and public aware of developments.]
REPORTER: Nelson Benton
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