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On a low-attention Sunday, the Associated Press's Tom Raum put together a pretty good analysis ("US debt will keep growing even with recovery"), though not labeled as such, of the serious financial situation the country faces thanks to the mushrooming national debt. But the AP writer ignored two critical warnings raised in a related item he filed over a year ago on Wednesday, January 7, 2009 ("Analysis: Deficit spending is tough medicine") that have contributed mightily to the dire situation he described. In that report, Raum claimed that there was a "consensus . that some form of major stimulus either new spending, tax cuts or a mix is needed . so long as it is short term and doesn't include permanent new spending programs." It is clear that the stimulus plan passed last year has flunked both key concerns he raised.Raum also blithely assumed that White House and Congressional Budget Office forecasts assuming a huge increase in collections ....
WASHINGTON (AP) Bob Dole willed himself to walk again after paralyzing war wounds, ran for Congress with a right arm too damaged to shake hands, and ....