My friend's daughter just took her first deer with a Federal bonded 62gr .223. It did what it was supposed to.
Many people use .223 for deer, but it's not the first thing I'd recommend. If you do get one, choose ammo carefully, practice a lot, and know both your own and your cartridge's limitations. Then again, all that's true no matter what you get...just understand the .223 has more limitations than other suitable calibers.
These limitations, however, can be mitigated by getting cheaper ammo - get more practice and get some training with the money you save.
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