from an Economice corresspondent ’ “American. war expenditure has been rising much. more rapidly than-was expected. Moreover, the Assistant Secretary of the Department of Commerce-estimated last week that about 25% of this year's increase in business investment by American companies was linked to increased military purchases. War expenditure he reported, rose in the 3rd quarter of this year at a poo . -of $4,200 (nearly .£1,500m) which was g1,200m. more than had been estima ~ ewen as recently as three weeks ago. War Expenditure in the period was at an annual rate of #61,300m (nearly £22,000m.) and is expected to rise in "annual rate by at least another $3,000m. in this 4th quarter of the year.
The WeekThe Week Vol. 6, No. 14, c. 20 October 1966
U.s. War Expenditure Goes Up and Up
The scan: The Week v6 no14.pdf (PDF, Marxists Internet Archive, opens at this page)
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