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Policy Note 2006/2 | February 2006

The Fiscal Facts

Public and Private Debts and the Future of the American Economy

Today’s federal budget deficits are a preoccupation of many American citizens and more than a few political leaders. Is the American government going bankrupt? Does our fiscal condition warrant radical surgery, as some now prescribe? Or, are we in such deep trouble that there is no plausible route of escape?


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