(TABLE, U.S. vs. SOVIET MILITARY AND SPACE SPENDING, 1967
 II. By these methods, they have determined that Soviet
 military and space spending in Calendar 1967
 totaled 20.4 billion rubles--the highest figure
 since World War II.
 A. The dollar equivalent works out to about
 56 billion dollars.
 B. In other words, the Soviets, with an economy
 less than half the size of ours, are spending
 roughly as much for defense and space as we
 are excluding the costs of Vietnam.
 C. For the past five years, the Soviet defense
 and space effort, in dollar terms, has averaged
 85 percent of what we nave been spending
 on the same programs. This chart compares
 the dollar cost of U.S. and Soviet programs
 for 1967.
 D. The Soviet Union at this juncture is almost
 matching us in funds devoted to space and
 what we call R,D,T and E--research, development
 testing and evaluation.
 E. The Soviets are spending 40 percent more
 than we are for strategic offense--$6.3 billion
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