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The American Empire in a Changing World



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Thursday, May 24, 2012

''Real federal deficit dwarfs official tally''

From USA Today

''The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government's books.''

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