Remember the defense-versus-deficits row in the Reagan years? It's back. President Bush's new budget, due Feb. 4, will add a real (after inflation) $48 billion to Pentagon coffers, provided Congress goes along. That would bring the defense total in Fiscal 2003 to $379 billion, versus the current $331 billion. Hold on, cry congressional Democrats, any spending hike or tax cut will force government to increase borrowing. The impending deficit would be around $80 billion. Plus, the vaunted ...
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