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Defense Spending #517095

NBC Evening News for Sunday, May 03, 1981
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(Studio) House said casting decisive vote on President Reagan's budget this week; controversy surrounding defense spending and possible effects on United States economy noted.
REPORTER: Jane Pauley

(DC) Reagan's proposed military budget compared with amount spent for Vietnam war; details outlined on screen, discussed. [Economist Lester THUROW - compares Reagan's goals versus reality with Lyndon Johnson's efforts to have both Vietnam war and Great Society.] [Courtesy "Meet the Press", OMB director David STOCKMAN - rejects Thurow's analysis.] Stockman's argument outlined. [Brookings Institution economist Joseph PECHMAN - comments.] Admin.'s position noted.
REPORTER: Irving R. Levine

Levine, Irving R.;
Pauley, Jane

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