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With the beginning of the government's fiscal year on October 1, the first full year of the Reagan administration's program to 'rearm America' began as well. The American military budget for the year just begun is some $214 billion. That is 3 percent less than the administration had originally projected, before the revisions made while the president was in Santa Barbara this summer, but it is 24 percent larger than the budget of only two years ago.[1]
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