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Wednesday, May 22, 2013

The Plunging Federal Deficit + Lower Medical Costs

Something is working. The Federal deficit is plunging.

The federal deficit is projected to plunge from over a trillion dollars to about $642 billion this year. And, Medicare costs are dropping as well. The Congressional Budget Office projects combined Medicare and Medicaid spending to drop $900 Billion in the current decade (that's a 10% decline in their estimate).