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Post Scripts: U.S. Debt

by Joe Snyder

The United States will soon end this fiscal year with a $407 billion budget deficit that is more than double what it was in 2007 – and the red ink is projected to flow on and on.

Even before the cost of the government’s takeover of Fannie Mae and Freddie Mac is calculated, the Congressional Budget Office projects that the nation will add more than $2.3 trillion

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