Jump to ContentJump to Main Navigation
How States Pay for Wars$
Users without a subscription are not able to see the full content.

Rosella Capella Zielinski

Print publication date: 2016

Print ISBN-13: 9781501702495

Published to Cornell Scholarship Online: January 2017

DOI: 10.7591/cornell/9781501702495.001.0001

Show Summary Details
Page of

PRINTED FROM Cornell University Press SCHOLARSHIP ONLINE (www.cornell.universitypressscholarship.com). (c) Copyright University of Cornell University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in Cornell for personal use. date: 03 August 2021

Johnson and the Vietnam War

Johnson and the Vietnam War

(p.47) 3 Johnson and the Vietnam War
How States Pay for Wars

Rosella Cappella Zielinski

Cornell University Press

This chapter argues that, in contrast to the Korean War, differing inflation fears and public support for the Vietnam War explain the variation in outcome. Similar to President Truman, President Johnson could have paid for a larger percentage of the war with taxes, potentially avoiding some negative consequences. However, Johnson chose to rely on domestic debt for the early years of the war. He did not want to relinquish his Great Society, for unlike Truman, Johnson did not fear inflation. He believed that the U.S. economy could absorb a large increase in government spending without raising taxes to pay for it. Consequently, Johnson believed he could fund both programs simultaneously, without economic detriment.

Keywords:   Vietnam War, Vietnam War finance, taxes, domestic debt, inflation, Lyndon B. Johnson, welfare programs

Cornell Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.