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ed leave a big hole ‘in the economy, but that you divert monic. Jenat you spent on armaments to other purposes. There is, they add, no soarcity of projests on which funds released from disarmamsnt might be sponte - Basico to ey program that might be put into effect as a result of military con- tract ‘outbaoks and omoollations would be a tex reducticne Such a reduction would releass large amomts of money for spending by individuals and corporations. Just as wor-time savings were releasci for the purchase of consumer goods at tho end of World War II, se might a mejor tex reduction make fimds availetle for spmding on consumsr goods end scrvicese NMeny economists believe that a tax reduction = in oon= oert with other aotions = oould stimulate the economy sufficiently to avoid a fin- enciel orisisg Many also contend that to use savings from defense outs to run a budget surplus and reduce the national debt would, in effect, slow dorm the eoonory by causing a shrinkage in economio activity. There ere, of course, many oreas in which Federel, state, md locel govermocnt expenditures need to be increasede Some of those ere: Jdrea redsvelopment. The investment required to make our cities attrastive md healthy places in which to live has been estimatsd as running into the hundreds of billions of dollars. The Rockefeller Brothers Fund recently estimated that 10 mile | licn substandard urben dwelling mits would cost an average of perhaps $10,000 each to replace. (Or a total of $100 billions) Educatien ( dnoluding school construstion). To provide for an increasing number of schocleese ohildren, for moro average years por student, end to obtain enough teachsrs of sufficient quality to make this huge investment of student~years worth- while, will, according to the Rockcfeller Brothers Fimd, probably require doubling by 1967 the $13 billion spent for education in 1957. Equally increased expenditures could be invested in other areas where glering deficiencies already exist such as health (including hospital construction), hous- tugs public works (including conservation projects, flood control, and irrigation systexs), recreational facilities, roads, sewege disposal and water supply. @xee reedy there is a water shortage in many areas, and it is even predictod thet by 1370, some localities may have to restrict the number of new residents and of new industries because of the shortezt.) Incroazed Atd to Nowly Dovoloping Comtrics. If funds wore mats available, the United States could, of courss, m:ke a conocntrated effort to provide larre BCale eocnomio aid end tesolmical assistenos to tha wmiderdarel oped coimtrios ef ths worlde Kany econondsts foroses thia as ono of the major intornational problous of tho noxt dooedas. Aocording to Paul Hoffman, formor U.S. Morshall Plen Advunistrator md now Reiaging Direotor, U.K. Speoin) Fund, despite all tho offerts th at voluntary anime CicS, national agemoies, natioel govornmmts and internaticnal arzenoies ero putiing inte the economic aid offonaivo, net near ly cnoush progross is being viuloe Tru, national incomo is increasing in the wadonienel oped couvtrices et the rato of about a porcart a yonre Fut pepiletion in these sce cowitrisa ds inoraccing at the rute