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Budget Cuts / Oeo #24721

ABC Evening News for Monday, Feb 05, 1973
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(Studio) Nixon says will withhold $8.7 billion in assorted appropriated funds.
REPORTER: Howard K. Smith

(DC) Treasury Secretary George Shultz, Budget Director Roy Ash and economy advisor Herbert Stein defend Nixon budget before House Appropriations Committee [Committee chairperson George MAHON - says national debt growing fast.] [SHULTZ - says Congress must want taxes raised since it overappropriates funds.] [Senator Richard SCHWEIKER - says Senator must hear from top budget man (meaning Roy Ash) before can act on budget.] Senator has passed bill subjecting Ash to Senator confirmation. President threatens to veto bill.
REPORTER: Frank Tomlinson

(Studio) One of Nixon budget cuts eliminates OEO.
REPORTER: Howard K. Smith

(DC) Office of Economic Opportunity created under President L. B. Johnson, who saw program as continuation of work of FDR. [L. B. JOHNSON (1964) - says nation ready to try to eradicate poverty.] Now Office of Economic Opportunity functions discontinued or transferred to other agencies. Community action operations to be eliminated altogether. [Outgoing Office of Economic Opportunity Director Phillip SANCHEZ - says antipoverty thrust of government programs important Office of Economic Opportunity small part of antipoverty program.] [Former Office of Economic Opportunity Director Sargent SHRIVER - says Nixon aim is create illusion of economy in government and smaller government] [Office of Economic Opportunity official Richard KELLY - says community action core of antipoverty program.]
REPORTER: Herbert Kaplow

Reporter(s):
Kaplow, Herbert;
Smith, Howard K.;
Tomlinson, Frank
Duration:
00:05:50

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