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The Federal Deficit Tops $1-Trillion | Nightly Business Report

July 13, 2009
MAYA MACGUINEAS, PRES., COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET: What we're doing is we are borrowing to keep the economy afloat and this is a short term strategy. The problem is that the trillion dollars is a reminder that we don't have any plan to stop borrowing at an unsustainable level.

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