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ECONOMY: Area could lose billions if debt limit isn't raised

Pat Maio, NORTH COUNTY TIMES

Wednesday, May 4, 2011

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This assumes that interest on the national debt is the first obligation met so as to avoid default. Based on data derived from the U.S. Census, the institute estimates about $36 billion flowed to the county in 2009. About 33 percent of the funds go to Medicare, Medicaid and Social Security while 42 percent flows to military programs and the Department of Veterans Affairs.