File scanned from the National Security Adviser's Memoranda of Conversation Collection at the Gerald R. Ford Presidential Library
MEMORANDUM
THE WHITE HOUSE
WASHINGTON
CONFIDENTIAL
MEMORANDUM OF CONVERSATION
- PARTICIPANTS:
- The Cabinet
- DATE AND TIME:
- Monday, August 26, 1974
- PLACE:
- The Cabinet Room
The White House
Mr. Ash: (OMB) The chart line on foreign aid shows Indochina reconstruction and other foreign aid.
President: We will make a maximum effort to get under $300$80 billion for 1975.
***
President: Schmidt said he hoped we wouldn't do anything drastic unilaterally. What did he mean?
Mr. Greenspan: (CEA) To the extent we can, we should cooperate internationally. We can't be tied in our actions to the international community, but we should attempt close cooperation.
Secretary Kissinger: I don't know the economics, but Schmidt is our strongest ally in Europe. He is convinced that the whole western world is in a financial crisis. I think you should coordinate with him before taking any action -- and at your level. I think he would agree with what we want to do and I would run any proposals by him.
Amb. Rush: I concur.
***
Secretary Lynn: All the mayors and other local people will say "Take it out of Defense and foreign aid." We need talking points or someone present to refute these arguments.
CONFIDENTIAL
DECLASSIFIED
E.O. 12958, SEC. 3.5
NSC MEMO, 11/25/95, STATE DEPT. GUIDELINES
BY (illegible text) . NARA, DATE 3/28/04
