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In 1999, the Congressional Budget Office projected forecasts of the budget surplus to be somewhere between 2 and 3 percent of GDP in the next ten years. Now, the economy has entered a recession, and the government has pledged to flight a prolonged war on terrorism. How is the forecast likely to change?

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As the government has pledged to fight a prolonged war on terrorism, the government has to increase the amount of money to be used by their ...

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