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SS eeeeor the Joint Congressional Eoonomlo Committes, "The eppord oe attaining a posceful world a nd the horror of failure is so sompolling thet xo Punnct overlook our responsibilivics - as private citizoss, members of the businsss tommmity, publio servants - in anticipating end prepering for the adjustments wich Will bo roquired," “te this ond, Senator Philip & Hart, Michigen, jointly with Sonators Promniro, Noubergor, Humphrey, Cruening, Byrd and Randolph, in the 86th Congress, lst Sossion, introduced Serete Resolution 150 on July 24, 19 Although no action was 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 en the Eoonomio Impact of National Defense. This spocial group would investigats, toking into accomt the fact that an internatianal disarmament agreoment would in vole readjustments in our nation's defenso policies, the extent to which defcise prosurencnt currently affects the economy and the steps that might bo talen to minimize the impact of dofense contract cutbacks on the economy. Said Sonator Bert in introducivg the resolution: "Wo should be busy developing e blueprint which rill dramatize the ability of our econeny to make the transition from a $40 billion do- fomse expenditure to en expenditure substantially less. We must convince the mos epprehensive Ameriog that we can indeed afford poace, that we oem efford to dis ardee This is one of our very highost responsibilities in the days ahead." Senator Humphrey egreess " There is no reascn to concede that a major redus tion in erms spending would oause serious umemployment and other eoonorio distress in the United Stetes if we plan conorete government and private action to fore- stoll ite" RRR EER EER RR RR EO OTZER PUBLICATIONS Il THIS SERIES; Facio Plax for rms Limitetion in Letin Control of Objests in Outer Spaosee Anerica, dima 1958, Revised July 1959, Unitod Netions Special Funds dntorctioas Rovised Jwly 1953. Revised July 1959. - U. Se Eoonomic A id Progremss Disengogensmt. Revised July 1959. Jenvary 1959. Surprise Attack Taiko: A Fetlure? Tochnioel Tells: New Approach to épril 1969, Disarnersnte Novenbor 19f8. Intormetionnl Developmrnt Assccintione FACE SHEET Soptomher 1959, Sirgio ¢ rOOpg Upon requests $1.00 emzunl subscriptions - Bulk ratoss W724, Tey 25009, File 100 or morc,