State of Business: Berlin & the Economy

President Kennedy's request last week for $3.45 billion in additional defense spending brought the nation closer to a war economy than at any time since Korea. Already Washington policymakers and the nation's businessmen thought they could discern the probable broad effects of the Kennedy program. Their estimates:

¶ The total amount of additional money pumped into the economy will amount to $6 billion or $7 billion by next June 30. Though only $2.74 billion of the new defense appropriations will actually be spent before the end of this fiscal year, the President's advisers figure that each Government dollar will stimulate...

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