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Defense Spending To Plunge If Either McCain Or Obama Becomes President, Analyst Says

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Defense spending will plummet if either Sen. John McCain of Arizona, the presumptive Republican presidential nominee, or Sen. Barak Obama of Illinois, who seeks the Democratic presidential nomination, enters the White House. So says Loren B. Thompson, chief operating officer of the Lexington Institute, a think tank focusing on defense and other issues. He doesn't focus on Sen. Hillary Clinton of New York, the other leading Democratic hopeful. While Obama and McCain differ on getting U.S. forces out of Iraq,…

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