A few months ago, Administration experts were wondering how they could keep the nation's record boom going. Now, they're wondering how they can keep it from going wild.
Tougher Than Usual. The possibility of an inflationary steel settlement was only one cause for concern as the U.S. basked in its 54th straight month of prosperity. Even more disturbing was the anticipated spurt in defense spending to pay for the expanding war in Viet Nam. So far this year, President Johnson has demanded only $2.4 billion in supplementary funds to fight the war, but that figure is virtually certain to top $5 billion...
To continue reading:
or
Log-In
