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Thursday, March 16, 2006

We are all in debt

Congress Raises Debt Cap, Fourth Increase Under Bush:
"The Bush administration is leading the country down 'a reckless course of crushing debt, deficit-financed tax cuts and increasing the burden on the middle class,' Senator Hillary Rodham Clinton, a New York Democrat, said.

The Treasury estimates it will borrow $427 billion in fiscal 2006 and $373 billion in fiscal 2007 to fund government operations"

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