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Posts Tagged ‘Fiscal Responsibility Commission’

‘Me-first’ on the federal deficit

September 23rd, 2010

by and

This piece was originally published in Politico.

On the current path, the budget deficit is likely to weigh in at $3 trillion by 2030. Economic growth is predicted to average a pathetic 2.2 percent. The total national debt is expected to reach $34 trillion. Nearly 70 cents of every federal dollar will be swallowed up by Medicare, Medicaid, Social Security — and payments to Chinese holders of U.S. debt.
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