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A Nation in the Red: The Government Debt Crisis and What We Can Do About It by Murray Holland

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CHAPTER 2

REAL NUMBERS

The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager.

—Calvin Coolidge, 1925

We do not have to look very far to see a clear picture of exactly what is going on with government finances. There is good financial data dating back to the beginning of the United States that we can view and analyze. This financial history is useful because we can see “real” numbers—what actually happened. As you will see, there is a large gulf between what people were told by the government would happen and what actually happened. Some of this was outside government control or projection, such as the events of 9/11 ...

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