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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 23, 1969
Page
7
Lt Gen Durwood Crow, head of the Air Force, admitted the controversial 3 billion C-5A contract with Lockheed backfired and its pricing pattern won’t be reused. He testified as the House committee wrestled with cost overruns. some members argued the true overrun could reach 1.5 billion to 5.2 billion with spare parts and inflation.
Sen. Alan Cranston criticizes the Nixon Administration for seeking higher unemployment as part of its anti inflation effort. He warns the approach risks social unrest from New York to Los Angeles and targets youths, older workers, minorities, and returning veterans.
Rep. Glenard Lipscomb notes the Soviet Union is expanding land sea air and missile forces as the defense panel reports U S spending rising less than five percent while urging cautious steps toward peace.
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