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CBO Projects Huge Deficit

From the Congressional Budget Office: The Budget and Economic Outlook: Fiscal Years 2005 to 2014, January 2004 and a second report, Paying for Iraq’s Reconstruction, January 2004 [Link, requires readers to choose download format – pdf or WP]

  • CBO Projects Record Deficit – Figure Could Reach $3.5 Trillion in the Next Decade if Tax Cuts Are Made Permanent
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