29 Jan 1973
Page 1
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Newspaper
Monroe Evening Times
Location
Monroe, Wisconsin, United States of America
Date
Jan 29, 1973
Page
1
President Nixon unveils an 81.1 billion national defense plan for fiscal 1974, the second largest in history behind 1945 war outlays. The budget funds 2.4 billion for the Atomic Energy Commission and a 2.3 million requirement, with a shift to an all volunteer force and higher pay.
Badger Briefs notes four weekend deaths push Wisconsin 1973 traffic fatalities to 54, lagging last year's figure of 58 on the same date.
A ceremony by Zilmer Riley Post of the American Legion and Cecil Jones Post 2312 VFW near the Green County Courthouse honors the cease fire. Mayor Clifford Reasa reads a pro peace proclamation as a VFW firing squad salutes and taps echo.
Secretary of Defense Melvin R. Laird announced the United States will rely on volunteers as the draft ends. Although 18 year olds still register, standby lotteries and induction powers are retired and no new inductions are planned. About 5,000 men slated for June draft orders are canceled due to the change.
The 1974 budget projects total outlays of 168.7 billion dollars, up 18.9 billion from the current year, with 256 billion in revenues and a predicted 12.7 billion deficit if unemployment stays above four percent. Defense rises to 81.1 billion, while domestic cuts total 17 billion including ending OEO and Hill-Burton grants. The 1975 outlook calls for 288 billion in spending with further terminations and reductions.
In Saigon the Viet Cong delegation refuses to present credentials at the four party joint military commission, delaying peacekeeping efforts. US Ambassador Bunker intervenes as more cease fire violations are logged across South Vietnam. about 150 North Vietnamese officers flown to Saigon aboard US C130 transports join the talks.
AP reports that the United States expects an accounting of Americans missing or captured in Laos to boost the total prisoners listed at 555. The Pentagon says no Laos prisoner data and 1,315 Americans remain missing in Southeast Asia. Nixon seeks budget cuts likely delaying Weinberger nomination in HEALTH and WELFARE. Watergate trial continues as government rests its case in the bugging case.
The Nixon budget rolls back direct farm subsidies by more than a quarter starting July 1, reducing Rural Environmental Assistance to 10 million and REA financing shifts to private investment with at least 5 percent. Overall farm and rural development spending falls by 1.1 billion as lawmakers pressure for restoration.
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