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
<p>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.</p>

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2009-04-03

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