The first rule of holes is this: If you're in one, stop digging. New government estimates released last week show that the federal government will be in a big hole in fiscal 2009: a $546 billion deficit. They also help show how we got into this hole -- and the answer may surprise you.
In January 2001, the month President Bush took office, the Congressional Budget Office released budget estimates for each of the next ten years (2002-2011). CBO predicted...
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