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Congressional Budget Office reports another $1 trillion deficit – David Rogers –

by on February 1, 2012

“To put this in some perspective, servicing the debt by 2017 will consume almost as many dollars as paying for Washington’s Medicaid costs — even allowing for the greater health care spending under President Barack Obama’s reforms. And before the end of the decade, debt costs will surpass Medicaid and begin to approach total federal outlays for all nondefense discretionary appropriations.”

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