West pays for US missiles Maggie and Ronnie Williamsburg alliance

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page 6 of the scan

AT THE end of this month the leaders of the 'free' (read almighty roW Williamsburg summit.

The problem for most of the Western countries is that the US budget deficit is sending American interest rates sky high.

As result, huge amounts of money from the money La C flooding into the United States, making difficult for countries like the France and West Germany to reflate their economies.

spending by the United States is the main 'capitalist') world will get together for an economic policy, at the source of the Reagan and defence secretary, Casper well. berger committed increase in defence spending.

Projects like the MX missile the Stealth bomber are costing untold billions; The only way to deal with the US budget deficit would either CUl social services, which the Congress won't do or to raise taxes, which no one is Keet WILl electons looming next year.

So the budget deficit just piles up, while the other major capitalist powers pay for it in what virtually enforced "loans' the United States.

Oil Thatcher has a slightly different angle on the problem. The strength of British capitalism increasingly morinarular turing, but in oil revenues and its powerful banks.

Thatcher, ( unlike Mitterand or West Germany's Kohl, doesn't mind high oil prices and high interest rates.

She's not exactly hellon economic refla. tion in Britain Thatcher Reagan against Mitterand opposition Helmut Kohl.

While Reagan and his supporters would be quite happy to see US social serDIlS Democrats president Koberl McNamara have dif_crel vicw.

They another defence for the United which would forces for world-wide operations.

On this basis they think that the more expensive new nuclear projects could be abandoned, while the United States could take a big initiative towards the Soviet Union through pro posing a nuciear Treece . This would have the effect of helping a modest relation in the United States. Facts Everyone at Williamsburg will be trying to defend their own corner their own capitalism at the expense of the others.

the assembled leaders will be taught some brutal facts of life. With leaders like Reagan Weinberger the United States is giving away Despite relative decline the United States is still incomparably the world's most powerful imperialist Everyone else is going to have to get into line — or e se. DI

page 7 of the scan

THE LAUNCH of Social Democratic ty/ Liberal paign has shown that their Socialist Action 27 May 1983 bottom conditions for any deal. Roy Jenkins has added that the question of the Common Market and income policy are also planks for discussion.

There has been a response within

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the election to bolster her 'world leader' image. And in the debates she'll line up with Ronald Reagan in supporting US defence policies which are inhibiting a reflation of the world economy.

Margaret Thatcher will use her visit just before his defence