Word: billioned
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Dates: during 1960-1969
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...Force's B70 was virtually a bust. The Government spent $1.4 billion to build two test models before it was abandoned as obsolete. The F-111 was an attempt to save money while modernizing. McNamara thought he could save $1 billion by developing one plane for three services: Air Force, Navy and Marines. Eventually, the Marines dropped out, and the Navy, after investing $200 million, abandoned the carrier version in favor of its own new plane, the F-14A. The Air Force is reasonably satisfied with its F-111, except that a dozen have crashed so far, and the plane...
...important shift of defense spending thus affects many interests and individuals. In fiscal 1968, the Defense Department contracted for $38.8 billion in goods and services, plus $6.5 billion for research and development, amounting to 5.3% of the 1968 G.N.P. These funds went to many thousands of prime contractors and subcontractors...
...other national needs, and priorities must be assigned. If McNamara's doctrine of the "worst plausible case" were applied in every case, the nation would soon be broke or all its citizens would be huddling in a continent-wide bomb shelter?or both. With defense spending running at $80 billion, and with the services requesting enough in new weapons to offset most of the savings that would be achieved by peace in Viet Nam, there must obviously be some hard thinking about where to draw the line...
...House Armed Services and Appropriations Committees-have been blessed over the years with substantial military business in their states and districts. Congressman George Mahon (House Appropriations) can point to the fact that Texas gets more business from the military than any other state except California (which gets $6.6 billion a year). South Carolina's Mendel Rivers (House Armed Services) can, and frequently does note that his home town of Charleston thrives as a result of its huge shipbuilding facilities and naval installations...
...post, much as the students strike at the universities when that is really not what they're mad at." The staggering cost of modern armament is a further cause of discontent, Wheeler says. "An ICBM is at least a million dollars a throw; a nuclear carrier, half a billion, an ABM system, $7 billion. And it is all blamed on the military, because at first glance our weapons and our uniforms are easily identified...