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Wednesday, May 18, 2011

postheadericon Federal math 101

As the clock ticks on an agreement to avert default by increasing the debt ceiling, here is a handy example of the kind of federal government math that bewilders the public and challenges the negotiators involved in the number-crunching it takes to reach budget deals â€" the Congressional Budget Office (CBO) reported this week that the deal Republicans reached with President Obama in April to avoid a government shutdown actually increased spending for this year by $3.2 billion.

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