Ford Administration Cabinet Meeting Notes
Topics discussed at the meeting include the federal budget, the Conference on Inflation, and congressional elections.
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Extracted text
OCR Page 1 of 5CABINET MEETING NOTES
August 26, 1974
GF
- There will be a dinner at the White House Wednesday
evening, all are invited!
The purpose of this meeting is to disucss:
1. Economic Summit
2. Budget
3. Alan Greenspan
4. William Seidman
Welcome Alan.
Herb, you are welcome back anytime.
5. Dean Burch-political responsibilities
Ash
- President is committed to a budget of below $300 billion.
How do we get there?
Reviewed charts:
1. FY 1975 Budget - Comp of Outlays (billions
of dollars)
Mandatory $225. 1 billion
2. Entitlement Program
3. Reduction Programs
a. pay raise deferral
b. personnel cuts
Congress needs to help in reduction program
GF
- Good alternatives - tough decisions
We are going to make a maximum effort to get below
$300 billion.
Likelihood of getting Congressional concurrence is slim.
FORDO i LIBRARY GERALD
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