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c ‘ be conetsrtd as pert eot a-rvoteal urtional security policy. Should an arms control. eprtenut take effect, there would be importent reperoussions in our domestic cose nhomy - of a mamitude thet requires we make carrful estimates of the amount of esc nondo dislocation that might ocour snd do some planning to take up any slack in the escnony." ~ . *. Certainly somothing vould happen to the economy. But does it necessarily mean thet as a result the U.S. coonomy is permanently geared to defense production, that it camot withstand the shock of the w ithdrawal of military contracts, that there is nothing in the economy to take the place of industry's number one customer, the Defense Departmentt Most economists agree thet it would indeed be a sorry state of effairs if the United States had to rely permanently on armaments production to prop up its 600- nonye They point out that defense expenditures in the U.S, absorb some 10 percent of the Gross National Product (GIP) of about $475 billion a yeare (The proportisn of defense expenditures in Western Europe to G'P is 5 percent. According to some sources, 30 percent of the GIP of the Soviet Union is being used for ermaments.) They point out that the real oosts of armaments and dofense are better expressed in terms of the additional advances which might be made in the civilim sector of the economy wore it not necessary to allocate resources to defense productione The real cost, they say, is in terms of meney, metpowor, and materials fer the production of armenonts « airplane carriers, atomic end hydroger bombs, rifles, machine gums, tanks, bombers, combat piener, guicsd missiles - all of which add nothing to the stendard of living of the Amoriom people. If instead of spending $45 billicn for defense, and as Honry Hazlitt, a contributing editor of Newsweek hss said: "sesinstead build additional new homes, new electric refrigerators, dishwashing and olctheswashing machines, new and better heating systems, better highways, more boolzs end schools and churches and reserrch laboratories and hospitals, we would reduce the amowm*t of needless toil md increase the comforts end anmities end opportimities of life for all our peuple." ; This problem has been recognized by President Eismmhorer, too, who said: "Every gun thet is madn, every warchip launched, every reckot fired; signifles - in the finel sense - a theft from those who himger and are not fed; thoso whe are cold end are not clothed." ; To viiat extent is monoy and manpower experdod on thesa items of defense? Mono. World-wice, the mmuel military exporciteces of ell states have been estimated st £100 billion. (Of this ammt, the Ue i cpesads nbout $45 billion your ly; the Soviet Unien sponds chout $25 billion = fcr . tetal of about $70 billion, or moro than two-thirds of the total world arns ivf 0+.) This moras thet svery hour - dey end nisht = the world sponds some Sor for armerssts yhich will sventually bo used to blow the world to bits = om Clrasxvin?d ns olstleto while now and better and mors cos vy weapons are built = o1 dirocre ud entirely if disarmmsont shocld boGw.u a reidsts fne U.S, itself spenda soac »4,000,0600 each hour e dey md right. Ths. sad fuct 43 4tod xvel: of the mnoy is literelly weeted aveys Senator Stuark Sywiugton (Minseace) jinn anid that the cost of weste oid duplioation itsel?