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Military Spending #464885

NBC Evening News for Monday, Jun 05, 1972
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(Studio) Secretary Defense Melvin Laird testifies before Congress cmtes. Says increased air war in Vietnam will cost extra $3 to 5 billion this year Says agreement with Russians to limit some nuclear weapons will save government $1 billion a year, maybe not that much. Laird says government will continue development of new bombers and submarines.
REPORTER: John Chancellor

(DC) [Senator William PROXMIRE - cites McGovern proposals to cut defense spending down to $56 billion.] [LAIRD - says $30 billion cut in defense budget amts. to United States surrender. It would doom further progress of Strategic Arms Limitation Talks (SALT). Criticizes US unilateral reduction as hindering negotiations.]
REPORTER: Robert Goralski

Chancellor, John;
Goralski, Robert

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