Volume 28, Number 8 · May 14, 1981
How to Wreck the Economy
By Lester C. Thurow
America's New Beginning: A Program for Economic Recovery Budget
from the Executive Office of the President/Office of Management and
US Government Printing Office, 270 pp., $7.50
Fiscal Year 1982 Budget Revisions Budget
from the Executive Office of the President/Office of Management and
US Government Printing Office, 159 pp., $5.00
The recent discussion of President Reagan's budget has largely overlooked its most alarming feature, so far as the US economy is concerned. Reagan is proposing to increase defense expenditures by $142 billion, from $162 billion for the fiscal year 1981 in the current budget to $304 billion in fiscal year 1985, the last budget of his first term. If re-elected he is planning a further $39 billion increase, to $343 billion in fiscal 1986.
Review, 3316 words
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