This paper analyzes the tax burden that will be imposed on U.S. taxpayers as a result of the $1 trillion 341 billion military budget proposed by President Ronald Reagan for fiscal years 1982–1986. Data are provided for states and selected metropolitan areas. The continuing destructive impact of this enormous expenditure-including further inflation, historic highs in interest rates, and the continued impoverishment of the civilian economy and American society as a whole-is stressed.
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References
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RosenfeldS. S.The defense numbers have to add up. Washington Post, April 17, 1981, p. A13.
2.
KaiserR. G.Reagan's defense spending could turn into economic nightmare. Washington Post, April 25, 1981, p. 1.
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Municipal snarl. Wall Street Journal, February 28, 1980, p. 1.
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Study sees 20 million losing some income under Reagan's plan. Washington Post, April 16, 1981, p. A1.
