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Federal Budget Math: We Can't Repeat the Past

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Federal Budget Math: We Can’t Repeat the Past – June 16, 2011. Presentation at the Federal Reserve Bank of New York, Douglas W. Elmendorf, Director – CBO

  • “Fiscal policy cannot be put on a sustainable path just by eliminating waste and inefficiency; instead, changes will need to significantly affect popular programs, people’s tax payments, or both.”
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