Monday, Jul. 24, 1950
WHERE DID THE MONEY GO?
In the past four years, the U.S. has spent about $50 billion for its national defense. Events of the past four weeks have caused people to wonder what the money bought. What did the U.S. get?
P: An armed force of 1,370,000 men (at an annual cost of $5,000 a year per man for wages, upkeep).
P: Ten Army divisions, two Marine (all under-strength). Three of them --the Sand Airborne and the 1st and 2nd Marines--are well-trained and well-equipped.
P: Occupation troops which maintained U.S. prestige and asserted its power in Germany and Japan.
P: A fleet of 238 combat ships, seven of them large aircraft carriers.
P: A 48-group Air Force.
P: A Strategic Air Force (B-36s and B-29s) to carry the atom bomb, which, though not in action, was and still is the U.S.'s main bet. About 65% of all procurement went to the Air Force last year.
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