WASHINGTON, DC, USA
United States President Ronald Reagan announced on January 11 that he had accepted a proposal for a massive reduction in the United States defence budget.
WASHINGTON, DC, USA
1. (VIA NBC NEW YORK (C) CU President Reagan speaking (SOT) 0.54
2. (VIA NBC NEW YORK (U) CU Defence Secretary Weinberger speaking CUTAWAY press gallery (SOT) (3 shots) 1.53
TRANSCRIPT FOR SEQUENCE ONE: REAGAN: "Secretary Weinberger has been working, and not just now, and not in connection with our, our, budget activities, but has been working assiduously to get more economies, more efficiencies into the defence programme. And he hasn't got 'em very much credit for it. As a matter of fact, he has, from our original projection of a five-year plan in February of '81, he has cut tens of billions of dollars, voluntarily and before submitting defence budgets. And I'm delighted with this, that he has come in with this. It's eleven-billions bucked, about eleven-billion three, and it is, it is not setting back in any substantive way at all our defence programme cause that still remains the top priority, the security of our people."
TRANSCRIPT FOR SEQUENCE TWO: WEINBERGER: "Well this modified defence level protects the most essential elements of our programme to improve the readiness and modernisation of our national security capabilities. No one should believe that these reductions will not adversely affect some of our military capabilities. The threat we dace is, has not only not lessened but has, in fact, increased. So it is vital that we not reduce our programmes or those expenditures needed to regain our strength. The reductions I'm recommending can safely be made now but, of course, if the price of fuel goes up, or our inflation estimates should be wrong we would need to request the amounts necessary to restore those items. No one should believe that these reductions will not adversely affect some of our military capabilities but we all have to make sacrifices and it is essential that those that we make here are those that affect as little as possible the regaining of our necessary strength."
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Background: WASHINGTON, DC, USA
United States President Ronald Reagan announced on January 11 that he had accepted a proposal for a massive reduction in the United States defence budget. The President agreed to trim the 1984 budget by 11.3 billion dollars only a month after declaring that he would refuse to accept defence cuts. The reduction announcement was made by Defence Secretary Caspar Weinberger. It followed White House pressure to reduce arms spending in the face os a projected Federal budget deficit of about 200 billion dollars. Mr. Weinberger said his cuts involved scaling back servicemen's proposed pay increases, deferring some military construction and reducing military training. However, he warned that higher fuel prices, or an increase in inflation, would erode the cuts. President Reagan told reporters he would pass the recommendation for the cuts on to Congress later this month. The President stressed that the reduction would not interfere with the production of new weapons systems.
Source: VIA NBC (C) AND VIA NBC (U)