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Budget bust
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For decades, presidential administrations have come up with budget figures that don’t always jibe with those which are compiled by the Congressional Budget Office, the federal agency that provides budget information to Congress. Not surprisingly, White House spending and deficit figures usually differ on the optimistic side from those of the CBO, which takes a more rational, business-like and non-partisan view of spending in the United States. But seldom has the chasm between the two been as large as what the CBO projects over the next decades, as opposed to what the White House claims.

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