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The New American:
Deficit grows ever larger.

On July 28, White House Budget Director Jim Nussle announced that the expected deficit for Fiscal Year 2009 (it begins October 1, 2008) would be a whopping $482 billion. A record for red ink, the figure shatters the previous deficit of $413 billion set in 2004.

But as has become customary in Washington, publishing debt figures does not mean that the whole story has been told. The costs of the military operations in Iraq and Afghanistan are not part of the projected $482 billion...

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