One way to reduce deficit: Cultivate growth

By David Leonhardt / The Bulletin
November 18, 2010

We look back on the late 1990s as a rare time when the federal government ran budget surpluses. We tend to forget that those surpluses came as a surprise to almost everybody.

As late as 1998, the Congressional Budget Office was predicting a deficit for 1999. In fact, Washington ran its biggest....

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