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1972 Budget #213052

CBS Evening News for Friday, Jan 29, 1971
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(Studio) President Nixon-unveils "full employment" budget.
REPORTER: Roger Mudd

(DC) Budget proposes spending $229.2 billion with expected $11.6 billion deficit. Budget to create full employment, spending as though it existed. 42% be spent for human resources, 34% for defense; defense up $1.5 billion from last year Budget based on optimistic expectations for employment and inflation.
REPORTER: Daniel Schorr

(Studio) House Appropriations Committee George Mahon critical of budget; Senator William Proxmire praises adoption of "full employment" concept.

Mudd, Roger;
Schorr, Daniel

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