Statement on the Designation of Caspar W. Weinberger and Andrew L. Lewis Jr., as Members of the National Economic Commission
I am today designating Caspar Weinberger and Drew Lewis to the National Economic Commission. These appointments, along with those announced today by the Republican leaders of the House and Senate, complete the current membership of the Commission.
This Commission, which was created in last year's reconciliation bill, is charged with making recommendations on reducing the Federal deficit and is to issue its report on March 1 of next year. The Commission should also examine the current budget process as part of their deliberations.
am very pleased that these two men have agreed to lend their considerable
expertise to the Commission. While Cap most recently served as my Secretary of
Defense, he has had extensive government experience at OMB and HEW as well as
in State government in
As I have said before, I believe when all aspects of the budget are reviewed the primary policy problem will be viewed not as a lack of revenues but an inexorable growth in spending. Over the last 7 years, revenues have increased by $250 billion, but spending has increased by $325 billion. And while defense has necessarily grown, it accounted for only $125 billion, or less than 40 percent, of the increase.