What do the Billions Mean?

By this week, when Franklin Roosevelt submitted the most gargantuan budget in history to the U.S. Congress, the nation had been subjected to a baffling barrage of billions-of-dollars-for-war. What did the billions really mean in terms of war production?

Most importantly they meant that though the U.S. will in fact produce far more for war in 1943 than in 1942, nevertheless the rate of production is beginning to level off. Last November the Treasury spent $6.1 billions for war, which is at an annual rate of $73 billions—very close to WPB's hoped-for goals...

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