Carnegie Mellon University
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Running Out of Debt?

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posted on 2009-04-03, 00:00 authored by Allan MeltzerAllan Meltzer

Who would have thought, at any time in the last seventy years, that the government would run continuous budget surpluses and undertake massive retirements of public debt? Not since a previous Pittsburgher, Andrew Mellon, ran the Treasury has there been a sustained effort to reduce the debt.

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2009-04-03

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