A Study of the Effect of Reduction in the Military Budget for Southeast Asia on the Level of Employment in the United States.
Abstract
The reduction in United States defense spending for Southeast Asia is expected to create a rise in the number of unemployed in this country. It is estimated that 374,000 persons would be unemployed, resulting from an assumed $20 billion reduction in defense spending, spread over an 18 month period. Therefore, the United States must prepare for a successful transition. This must be well-timed and is essential to maintain a high level of demand. After the initial transition period it should be possible to plan for a moderate federal budget surplus in order to supplement the private savings available for private investment. this study investigates the effect that a decrease in defense spending for Southeast Asia will have on employment and what measures should be taken to offset any decrease in employment brought about by an end to the hostilities. This is accomplished by an evaluation of the sharp increase in United States expenditures for Vietnam and the resultant increase in defense generated employment. Conversely, this is also the employment which is most likely to be affected by a reduction in defense spending.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1970
- Accession Number
- ADA067460
Entities
People
- Phil K. Bomersheim
Organizations
- United States Army Command and General Staff College