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Tipsheet

Deficit Is Multiplied By Four Since Obama Took Office

The cumulative budget deficit is at about $800 billion, which is four times the deficit of last April. It's also the 19th consecutive month of budget deficits, which is the longest string on record.

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Three cheers for House Republicans, who are writing a letter to Obama to make sure that a VAT tax isn't on the table to cure our fiscal problems.



Meanwhile, Ezra Klein talks to an economist who believes there are "zero" problems with astronomical budget deficits...

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