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Analysis of CBO's Budget and Economic Outlook

House Budget Committee, Democrats: CBO Forecasts Continued Fiscal Deterioration, January 24, 2007 – “While any improvement in the deficit is a welcome development, today’s report from CBO is no cause for a declaration of victory. When the surplus in Social Security is excluded, as it should be, the deficit for this year’s budget is $362 billion, and it hovers in this range through 2011.”

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