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Budget Dictated by Circumstance
AP analysis argues the budget is imposed by domestic and international pressures rather than careful planning. It notes a projected 25.5 billion deficit for 1973, atop 38.8 billion in 1972, risking reinflation and lost foreign trade while aiming to cut unemployment. The piece cites political pressure, military demands, and 70 percent of the 246.3 billion budget already contractually obligated, forcing brinkmanship on the rest.
MENTIONED IN THIS ARTICLE
John Cunniff
New York