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CBO warns of fiscal disaster over deficits (The Washington Times)

Source: us.rd.yahoo.com
The Congressional Budget Office is warning the White House and Congress that U.S. budget policy is heading toward an "explosive fiscal situation" unless major changes are made. In its latest "Long-Term Budget Outlook" report, the nonpartisan CBO declared that current policies involving taxes and entitlements, including Medicare, Medicaid and Social Security, would eventually wreak havoc with the ...
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