Tom Walker writes: "Not to take away from the March on Washington for Jobs and Freedom, but the "Freedom Budget," which Bayard Rustin enlisted Leon Keyserling to draft was a debacle. Keyserling was the architect of the NSC-68 idea that a tripling of arms budget could be paid for by "siphoning off" a portion of the additional economic growth stimulated by arms spending. The so-called Freedom Budget, announced some 16 years after the secret NSC-68 had been adopted as government policy relied on the same logic that vastly expanded spending on human services could be financed through an economic growth dividend without impinging on existing military spending (recall that this was during the escalation of the Vietnam War, which Keyserling supported vigorously. Lo and behold! The magic bastard-Keynesian card trick that worked for selling increased arms spending fell flat on its face when the objective was spending on "those people" (if you know what I mean). Who would have ever thunk it?"
We deal with this in our book. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
