When John F. Kennedy appointed his Defense Secretary in 1960, he posed him a paradox: 1) meet U.S. military requirements without worrying about arbitrary budget ceilings, and 2) do it at the lowest possible cost. Since then, in Robert McNamara's 31 years on the job, military spending has soared by nearly $10 billion, now hovers around the $50 billion mark.
But McNamara still sees no contradiction between greater expenditures and more economy. Thus, it was with great pride that he last week announced the results of the cost-reduction program that he has pushed...
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