Government investment in research and development, says President Bush's new budget, is vital "to boost productivity and improve economic performance." But there may be a lot less help for U.S. industry than Bush seems to promise. Overall federal R&D spending would rise 5%, to a record $72.8 billion, in 1993. But two-thirds of the $3.2 billion in new money would go to NASA and the military. Despite the collapse of the Soviet Union, the bulk of new military funds are earmarked for the Strategic Defense Initiative.

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