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Friday, Dec 13th

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You are here News Economy US to borrow 46 cents for every dollar spent

US to borrow 46 cents for every dollar spent

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The unprecedented deficit figures flow from the deep recession, the Wall Street bailout and the cost of President Barack Obama's economic stimulus bill — as well as a seemingly embedded structural imbalance between what the government spends and what it takes in.

TVNL Comment: And who lends the US money? The Federal Reserve; A private bank that is in essence nothing more than a money printing loan shark.

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