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Most folks consider Bushmaster the cheapest / most reliable / milspec AR you can buy. I just picked up one shot less than 100 times for $600. Check out the equipment exchange forum here or try www.gunbroker.com or www.gunsamerica.com.
Thanks for your decision to defend America. Good luck.
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I agree. Bushmaster is the only one that come close to being the same as an issued M16. They are the only ones that have chrome lining standard. They are the only ones who use 4150 barrel steel as standard. They have the best combination of fit and finish plus ultra reliability on the market. I wouldn't call them cheap, but they are cheap for the product you get.
Colt and Armalite are great, but a bit hefty in the price tag for what you get.
Rock River is awesome and slightly cheaper than Bushmaster. They only offer chrome lining in M4 barrels though. They also only use 4140 steel in the barrel. They are, however, a great company who makes a great product.
DPMS is also a great company and will run you the same price as a Rock River or a Bushmaster. They do not offer chrome lining at the present time and they too use the 4140 steel in the barrels just like Rock River.
With Bushmaster, Rock River, or DPMS you will find something that closely approximates a standard issue M16A2. You can't go wrong with any of them really.