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From: david@fisher.UUCP (David Rubin)
Newsgroups: net.politics
Subject: Re: defense budget a payoff?
Message-ID: <213@fisher.UUCP>
Date: Thu, 19-Jul-84 20:23:19 EDT
Article-I.D.: fisher.213
Posted: Thu Jul 19 20:23:19 1984
Date-Received: Fri, 20-Jul-84 04:55:39 EDT
References: <979@ihuxi.UUCP>, <205@fisher.UUCP> <893@pyuxa.UUCP>
Organization: Princeton Univ. Statistics
Lines: 20

>Let's get it right folks.  Mondale favors a 4% defense budget increase
>ABOVE the inflation rate.  Let's see now......Hmmmm.....that comes
>out to about 10.5% right now doesn't it?  Seems like someone is
>wanting to spend more than RR doesn't it?
>T. C. Wheeler

Since the inflation rate is at about 3%, that's 7%. Also Reagan WANTED
13% after inflation (~16% unadjusted) and was forced to settle for 7%
(10% unadjusted) by Senate Republicans. The difference between
Mondale's propsed budget and Reagan's actual budget is about 12
billion dollars, and the difference between what they each propose is
30 billion dollars. Hey, soon we'll be talking about some REAL money!

Of course, the difference accelerates greatly a few years down the
road (in constant dollars), as the 4-10% difference compounds. If
Reagan is to have his way (which it is admittedly unlikely), there
would be a 100+ billion (current dollars) difference in three years.

					David Rubin
			{allegra|astrovax|princeton}!fisher!david