A Bonanza for Defense

The Administration proposes a record military buildup

The nation's thrifty new President, basking in widespread popularity over his sharp budget and tax cuts, showed last week that he can dish money out as well as he can take it away. Turning from economic troubles at home to the Soviet threat abroad, the Reagan Administration announced the largest—and most expensive—peacetime military buildup in U.S. history. The five-year plan would more than double the current defense budget, pushing it from $171 billion in fiscal 1981 to $367.5 billion in 1986. The first big leap in new...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!