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The enormous looming deficit
By: Michael Barone
Senior Political Analyst
11/22/09 5:39 PM EST
Former Congressional Budget Office director Douglas Holtz-Eakin writes eloquently of the potential for huge and yawning federal budget deficits if something like the House or Senate Democrats’ health care bills is passed. But you may see, hey, he’s a Republican, so why should we believe what he’s saying? Here’s one reason: Scott Winship of the Pew Economic Mobility Project, writing on the Progressive Policy Institute’s new progressivefix.com blog, says pretty much the same thing (PPI has long been a source of intelligent moderate Democratic policy proposals). Or read William Galston, domestic policy adviser in the Clinton White House, who writes eloquently of our “unsustainable fiscal future.” It’s not only Republicans who see the looming problem. The numbers are really stark, and really scary.
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