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March

26

1982

March 26, 1982



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Diary Entry - 03/26/1982

Friday, March 26, 1982

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Briefing on Soviet Ec. They are in very bad shape & if we can cut off their credit they’ll have to yell “Uncle” or starve. We had cabinet meetings on our own economy. It is imperative that we get further budget cuts. So far the Dems. aren’t budging. Our strategy is to move them toward bipartisan agreement on the entitlements— the only real savings must be found there. Called Ted Cummings—I’m doubtful he’ll be able to continue in Vienna. His Dr. will let us know in about 10 days. Called Geo. Schultz in S.A. and asked him to do a mission for us in Europe & Japan. What a nice man—busy as he is he agreed. Jim Brady came in—we had a small wine taste of some 19th century wines brought by a friend of his—a dealer. Al & I are on opposite sides I’m afraid about China. He wants to make concessions which in my view betray our pledge to Taiwan. We’ll have to work it out. Had lunch with about 80 or 100 Black Clergy. I think they understand us better now.