Page:Cabinet Meeting - August 26, 1974(Gerald Ford Library)(1552765).pdf/1

File scanned from the National Security Adviser's Memoranda of Conversation Collection at the Gerald R. Ford Presidential Library

(OMB) The chart line on foreign aid shows Indochina reconstruction and other foreign aid.

We will make a maximum effort to get under billion for 1975.

Schmidt said he hoped we wouldn't do anything drastic unilaterally. What did he mean?

(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.

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.

I concur.

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. DECLASSIFIED

E.O. 12958, SEC. 3.5

NSC MEMO, 11/25/95, STATE DEPT. GUIDELINES

BY. NARA, DATE