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Tuesday, July 29, 2008

ABC News: Economists concerned about record budget deficit, $600 Billion for 2009

Bush's White House used some Hollywood Accounting to project the 2009 budget deficit at $482 Billion. Which doesn't include he WAR, unemployment costs, medicare fees, and the new housing bill -- making the project 2009 budget deficit $600 billion.

It is like "core inflation" which doesn't include rising energy or food costs.

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