GOVERNMENT: How Many Dimes?

Since the defense program started last June, one of the biggest problems has been how to foot the bill. All told, the U. S. will spend some $35 billion (including the $7 billion appropriated this week) for Britain and defense in the next two years. In the form of $1 bills laid end to end, $35 billion would stretch 900 times the distance from the White House to No. 10 Downing Street. Where is the money coming from?

U. S. Treasury hirelings have been hard at work on defense financing schemes for months. Last week a few details of what...

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