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Bush Sends $3.11 Trillion Budget, with Higher Deficit, to Hill

President Bush on Monday sent Congress a $3.11 trillion budget request that sees a worsening deficit over the next two years but projects a balanced federal budget by 2012. (MarketWatch, Monday)

The $3 trillion barrier is broken.

FEE Timely Classic
Inside the Federal Hurting Machine by James L. Payne

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