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New York Times (March 3)

2011/ 03/ 04 by jd in Global News

In the U.S., conservatives are creating false alarm that federal and state governments may go bankrupt. “A country with a deficit is not necessarily any more ‘broke’ than a family with a mortgage or a college loan. And states have to balance their budgets. Though it may disappoint many conservatives, there will be no federal or state bankruptcies.”

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