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‘Cuts’ in Washington aren’t really cuts at all

November 27, 2012
Gary Andersen, Lee Smith , Fairmont Sentinel

The government of the United States is running $1 trillion budget deficits annually. It also faces tens of trillions in unfunded liabilities, primarily in Medicare, the health care system for retirees. On its current course, the government will become insolvent, which is to say unable to meet its obligations and promises.

 
 

 

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