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Economic Life

Debt level places US at risk

By Charles Stein
Globe Columnist / April 4, 2004

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In 2002,Treasury Secretary Paul O'Neill asked a pair of economists to calculate the federal government's fiscal gap. In simplest terms, O'Neill wanted to know how big a tab the current generation was leaving for future generations to pay. The calculation included everything from the cost of defense and roads to the bills for Social Security and Medicare. (Full Article: 670 Words)

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