CBS Evening News for Wednesday, May 14, 1975
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(Studio) United States defense spending examined in 3rd part of special report
REPORTER: Bob Schieffer
(DC) [On Apr. 23, `75, FORD - strongly states United States not overarmed or overspending on defense] [Senator John TOWER - concurs with statement.] [Representative Les ASPIN - thinks United States overspending and not getting money's worth.] Defense Department film shown. Annual battle over defense spending just beginning; battle to be more intense this year because of economy situation; national priorities at stake. Pentagon requests $104.7 billion for defense in fiscal `76; reflects climbing cost of defense; breakdown of request outlined. Many congress members upset by request for funding of highly controversial items still in development stage; exs. are B-1 bomber, Trident nuclear submarine. [ASPEN - believes glamour items get into budget because mil, services would love to have these things.] [TOWER - says he's willing to modify or reduce other programs in federal budget so defense budget won't be cut.] [Senator John CULVER - thinks social and education programs to suffer if we waste money on defense] [Secretary James SCHLESINGER - says this is record defense budget only in terms of gradually diminishing value of dollar. Main point behind budget request is to maintain worldwide military balance]
REPORTER: Bernard Kalb
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