To many a Congressman, massive defense spending is essential to the nation's prosperity. Not so, says a top-level presidential committee that has spent 18 months studying the economic impact of the defense program. The committee's first report, issued last week, concludes: "Even general and complete disarmament would pose no insuperable problems; instead, it would mainly afford opportunities for a better life for our citizens."
Even partial disarmament is a remote prospect. However, thanks to advances in weaponry and more efficient management, defense spending, which in the past decade provided the wages for one in every twelve workers, leveled off last...
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