New Challenges for Defense Managers
Rising costs of the war in Viet Nam coincide with increased spending pressure on behalf of new weapon systems, the reserve forces, military pay and other defense programs not directly related to the war. The combination threatens to push spending for national defense in the current fiscal year which ends June 30, 1967, well above the post-World War II record of $60.5 billion predicted by President Johnson in January 1966. Some close observers of defense outlays think the total may go over $65 billion.1 During the first three months of the current fiscal year, for example, the Viet Nam war pushed military spending to an annual rate of almost $63 billion. The July-September 1966 military outlays of $15.74 billion were ...