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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (231225)	5/1/2005 6:29:56 AM
From: Amy J	Read Replies (1) \| Respond to of 1572483

Treasury Department commissioned a study by two economists of the United States' long-term liabilities, for inclusion in the 2004 federal budget. The study found that the government faces a present value "fiscal gap" - the excess of expected payments over expected revenues - of $51 trillion. That's 11 times our official national debt and also greater than our total net worth, meaning that in some sense we're bankrupt. Not surprisingly, the Bush administration took a look at the study, blanched, and declined to publish it. nytimes.com