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. . . ry , - . - ) 7. ee lic attmrnnomnof the Joint Congressional Eoonomio Comnittes, "The appor oF aiiainiee a poscoful world a nd the horror of feilure is so sompolling that wo hunnct overlook our responsibilivies - as private oitizois, mombers of the businsss sommmi ty, publio servents - in anticipating end prepering for the adjustments wich Will be required." es Lan To this ond, Senator Philip A. Hart, Mohigen, jointly with Sonators Prommra, Noubeorgor, Humphrey, Gruening, Byrd and Randolph, in the 86th Congress, Ist Sossion, introduced Semete Resolution 150 on July 24, 195%. Although no action wes taken on the resolution, it at least gives on indication of the aren which Congress is ine terestcd in studying. Tho bill called for the establishnent of a Select Committce eon the Eoonomio Impact of National Defensee This special group would investigato, toking into accowmt the fact that an internatianal disarmasent agreement would ine vole readjustments in ow nation's defense policies, the extent to which defcase prosurenent currently affeots the economy and the steps that might be talren to minimize the impact of dofense contract cutbacks on the eoonomy. Said Sonator Bert in introducing the resolution: "Wo should be busy developing e blueprint which ¥i]1 dramatize the ability of our econesy to make the transition from a $40 billion do fonse expenditure to an expenditure substantially less. We mast convince the most spprehensive Americen that we oa indeed afford poace, that we cam afford to dis- arMeee This is one of our very highost responsibilities in the days aheade” Senator Humphrey egreess “ There is no reascn to concede that a major redux tion in erms spending would cause serious unemployment and other economic distress in the United Sbetes if we plan conorete government and private astion to fore- stell it." eek EER RE RE eH RR RR RO OR OK OTZER PUBLICATIONS Ty THIS SERIES: (npg retention etry mstpanneantgmatant Facio Plan for #rms Linitetion in Letin Control of Objests in Outer Spase,. Anericgue. dima 1958, Revised July 1959, Vuitod Netions Speciel Funde fntorctioa. Rovised Jily 1953, Revised July 1959, . Ue Se Eoonomic A id Prorremse Disengagenemt. Revised July 1959. Jenuary 1959-6 Surpriss Abteck Talks: A Fe*luret Tochnioel Talks: New Approach to épril 1954, Disearmetront. Novemoor 19f8. Intometionel Development Asscciatione Fact § SHEET § SER Septarher 1959, Sirgic Oo Gt Condes : tyre % upon request, $1.00 emzunl subscriptions | . Fulk ratess 2724, Tels 2oe99, Br’ 109 or more, 3)’,