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The Forty-Four Trillion Dollar Deficit Scare

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Publication Date: September 2003

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker; David Rosnick

Topic: Banking and finance (Public finance)

Keywords: National debt; Health care; Privatized systems

Type: Report

Coverage: United States

Abstract:

This paper analyzes a study projecting the size of the budget deficit and argues that the major underlying cause of this deficit is the projection of exploding healthcare costs -- and not demographics as the study concludes.