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deficit
If you've been following congressional hearings about the near collapse of America's financial system, then perhaps you have already figured out why both political parties were so blind to the danger. They were blind because they did not want to see. Anyone who cared to look could see something
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Date:
2/1/2010
The federal budget is trapped in a structural deficit that the White House says will average 6% of gross domestic product over the next ten years. Since federal spending only claims about 20% of GDP in a normal year, that means the Obama Administration expects to borrow over a quarter of all government
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Date:
1/25/2010

