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Economics Item

Perfect Storm of Debt to Hit US
  by Offsite (5/22/10)

President Barack Obama’s new fiscal commission, organized in response to a Congressional Budget Office projection that the United States will accumulate $6 trillion in debt during the next decade, is mostly for show, say three researchers from Casey Research.

Though the commission’s task is to come up with ways to limit future deficits to 3 percent of GDP, the 3 percent limit is “just a hoop for the clowns to jump through,” says Casey. Full Piece


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