WSJ.com: Europe Home: How Big Deficits Became Norm

WSJ.com: Europe Home
Europe Home
How Big Deficits Became Norm
Dec 31st 2012, 16:02

How did the U.S. spend more than $1 trillion above what it collected in revenue in each of the past four years? Why is Washington once again struggling to bring the revenue and spending lines closer together? David Wessel provides some answers.

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