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(Studio) Assistant Defense Secretary Barry Shillito says Minuteman missile costs skyrocketed from $4 to 7 billion, as did deep-diving rescue submarine. Another witness, A. E. Fitzgerald, says sometimes defense workers disciplined for cutting costs. Defense Department attitude noted. Results in cost indifference.
REPORTER: Walter Cronkite
(DC) [SHILLITO - says there won't be rapid spending reduction.] [Air Force Financial Analyst, FITZGERALD - says cost reductions never proposed.] [Former Secretary of State Dean ACHESON - says costs will rise in any industry McCarthy-type methods undesirable.]
REPORTER: Nelson Benton
- Benton, Nelson;
- Cronkite, Walter
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