An Economics Lesson From Russia

March 1980
America;3/15/1980, Vol. 142 Issue 10, p203
The article expresses views on economics lesson that could be learned by the U.S. from Russia that spent excessively in military spending in the struggle for supremacy. It is noted that President Jimmy Carter requested for a 3.3 percent increase in defense budget for 1981. It cites that a bipartisan report, issued by 43 senators, asked for a reduction in government spending by almost $26 billion. It says funds for job training and food stamps must be reduced if the defense spending is not curtailed.


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