Easy NixonContactAbout

Conversation: 113-004

Prev: 113-003 Next: 113-005

Start Date: 26-Jan-1973 10:11 AM

End Date: 26-Jan-1973 11:04 AM

Participants:

Agnew, Spiro T. (Vice President)Shultz, George P.Mansfield, Michael J. ("Mike")Byrd, Robert C.Scott, HughGriffin, Robert P.McClellan, John L.Long, Russell B.Young, Milton R.Bennett, Wallace F.Albert, Carl B.Ford, Gerald R.McFall, John J.Mahon, George H.Mills, Wilbur D.Cederberg, Elford A.Schneebeli, Herman T.Ehrlichman, John D.Stein, HerbertTimmons, William E.Weinberger, Caspar W. ("Cap")Cole, Kenneth R., Jr.Malek, Frederic V.Korologos, Thomas C.Cook, Richard K.

Recording Device: Cabinet Room

113a.mp3

113b.mp3

NARA Description:

On January 26, 1973, Vice President Spiro T. Agnew and bipartisan Congressional leaders, including George P. Shultz, Michael J. ("Mike") Mansfield, Robert C. Byrd, Hugh Scott, Robert P. Griffin, John L. McClellan, Russell B. Long, Milton R. Young, Wallace F. Bennett, Carl B. Albert, Gerald R. Ford, John J. McFall, George H. Mahon, Wilbur D. Mills, Elford A. Cederberg, Herman T. Schneebeli, John D. Ehrlichman, Herbert Stein, William E. Timmons, Caspar W. ("Cap") Weinberger, Kenneth R. Cole, Jr., Frederic V. Malek, Thomas C. Korologos, and Richard K. Cook, met in the Cabinet Room of the White House at an unknown time between 10:11 am and 11:04 am. The Cabinet Room taping system captured this recording, which is known as Conversation 113-004 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 113-4

Date: January 26, 1973
Time: Unknown between 10:11 am and 11:04 am
Location: Cabinet Room

Vice President Spiro T. Agnew met with George P. Shultz, Michael J. (“Mike”) Mansfield,
Robert C. Byrd, Hugh Scott, Robert P. Griffin, John L. McClellan, Russell B. Long, Milton R.
Young, Wallace F. Bennett, Carl B. Albert, Gerald R. Ford, John J. McFall, George H. Mahon,
Wilbur D. Mills, Elford A. Cederberg, Herman T. Schneebeli, John D. Ehrlichman, Herbert
Stein, William E. Timmons, Caspar W. (“Cap”) Weinberger, Kenneth R. Cole, Jr., Frederic V.
Malek, Thomas C. Korologos, and Richard K. Cook

     [General conversation/Unintelligible]

The President entered at 10:34 am

     Vietnam settlement

     1974 budget
          -Dwight D. Eisenhower years
          -1973 budget
                -Figures
          -Effects on national economy
          -Debt policy
          -Federal Reserve
          -Stein
          -Economic report
                -1972 statistics
                     -Unemployment rate
                     -Inflation
                            -Consumer Price Index [CPI]
                                 -Comparison between 1969 and 1972
                                      11

                NIXON PRESIDENTIAL MATERIALS STAFF

                            Tape Subject Log
                              (rev. 10/08)



                       -Food prices
      -1973
            -Forecasts
      -Military expenses
            -Decreases
      -Unemployment figures
            -Veterans
      -Business investments
            -Equipment expenditures
      -Consumers spending
      -Housing starts
            -Subsidized housing
      -Unemployment, inflation rates
            -Decreases
      -Controls and problem areas
            -Food prices
            -Sector markets
      -Budget
            -Full employment
            -Monetary expansion
-Federal Reserve
-President’s economic report
-Projected 1973 unemployment and inflation
      -Rates
      -1965 and 1968 projected economic growth
-Projected deficits
      -Amount
      -Federal fund figure
            -Trust funds
                  -1974
                  -Revenue sharing
-Items not controlled by Congress
      -Trust fund programs
            -Percentages
      -Controllable
            -Appropriations
                  -Social services spending ceiling
-Congressional limits
      -Need for reductions
-Appropriation Committee
      -Outlay authority
      -Effects on future budgets
                                             12

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



           -Controllable items
                -Effect on spending levels
                -Deficits
                      -Eisenhower, Lyndon B. Johnson, and John F. Kennedy
                -Role of Appropriations Committee
           -1973 budget
                -Expenditures and revenues
                -Deficit
                -1974
                      -Compared to 1973 figures
                -As percentage of Gross National Product [GNP]
                -Reduction
                      -Compared to congressional appropriations
                -Effect on 1974 and 1975 budgets
                      -Deficits
                -Taxes
                      -Decreases
           -Social Security
           -Human resources
                -Increases
           -Defense

The President left at 11:04 am

     [General conversation/Unintelligible]

[Conversation continues as Conversation No. 113-5]