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 ...


You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "OLD WAR, NEW BATTLE".


Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to for access.


Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.