U.S. Considers Effects Of Defence Spending Cuts
(N.Z. Press Association—Copyright) (Rec. 10 p.m.) NEW YORK, April 8. The Communists’ “peace offensive” has alerted American Government planners to make provision for the day when defence spending will not assure full employment, James Reston, the diplomatic correspondent of the “New York Times” said today. “So long as the Kremlin was waging war in Asia and crying havoc all over the world the western nations were able to achieve full employment at home and, at least a measure of unity with each other,” said Reston.
‘‘For seven years the Russians have tried to scare us into isolation and inflation. Now, as the experts here see it, one of their objectives seems to be to smile us into disarmament, deflation, unemployment and depression. “This is not likely to force a change in our policy, but it is bound to force a change in the leisurely pace of our planning.
“For even if we do not fall for the new Soviet tactics, we have to respond to them, to re-examine our present policies, and to inquire deeper into the future than we have ventured in the past.”
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Press, Volume LXXXIX, Issue 27010, 9 April 1953, Page 9
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192U.S. Considers Effects Of Defence Spending Cuts Press, Volume LXXXIX, Issue 27010, 9 April 1953, Page 9
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