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accountDEFENSE INDUSTRY
Only a few years ago, U.S. politicians talked about a "peace dividend" as the Cold War wound down. Instead, the Pentagon's proposed $515 billion budget for defense spending in 2009 is the highest since World War II, adjusted for inflation. Should that money, as it flows to the defense industry, go toward a military that’s more stripped down and retrofitted for battles against insurgents and terrorists? Or should the defense industry be gearing up for a more traditional confrontation?
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