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Lots of zeros in deficit

January 19, 2011
William N. Letson

Those friendly folks in Washington have been treating us for years. Every year they would show up with new goodies - a museum for me, an increase in Medicare benefits for you. If you wanted to buy a house and didn't have a down payment or a solid credit record - no problem, your good old Congress just told Freddie Mac and Fannie Mae to give your bank the money to lend to you. It was terrific.

 
 
 

 

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