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Federal deficit impact on San Diego

Ed Lenderman, KUSI TV NEWS

Monday, May 9, 2011

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"Imagine the federal budget is a one dollar bill," said Bruvold. "We've got enough money to pay about sixty cents of that, and then another forty cents we'd need to borrow to meet the obligations we've got."
Bruvold says that's a huge problem over time, and it's the reason why we've raised the debt ceiling ten times since 2001.