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Paulson: U.S. Government Faces ‘Debt Bomb,’ Needs Presidential Leadership

From Real Time Economics
January 17, 2013 - 5:04pm
Former U.S. Treasury Secretary Henry Paulson said Thursday that the U.S. government faces a “debt bomb” that can only be confronted if political leaders make changes to entitlement programs like Medicare, adding that otherwise a crisis would be so predictable “it’s like flying into a cliff - you can just see it.”

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