Bankrupting america: President Carter's military budget

This paper analyzes the tax burden that will be imposed on U.S. taxpayers over the next five years as a result of President Carter's proposed $1 trillion 16.4 billion military budget. Data are provided for states and selected metropolitan areas. The destructive impact of this enormous expenditure--including further inflation, soaring interest rates, and continued impoverishment of the civilian economy and American society as a whole--is stressed.