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NYT: How Trillion-Dollar Deficits Were Created

“To understand the looming deficits, The New York Times analyzed Congressional Budget Office projections of the budget surplus or deficit for the years 2009-12, President Obama’s current term. The budget office has been making estimates for these years for nearly a decade now. The numbers that appear [here] are the average annual deficit or surplus for this four-year period.” Related Times article: America’s Sea of Red Ink Was Years in the Making”>How a Sea of Red Ink Spread From a Puddle.

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