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Counting The Reasons Why Deficits Keep Growing

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President Johnson (center) signs the Medicare Act in 1965 as former President Harry Truman (right) looks on. Now the cost of Medicare threatens to crush the federal budget. (LBJ Library/National Archives)
President Johnson (center) signs the Medicare Act in 1965 as former President Harry Truman (right) looks on. Now the cost of Medicare threatens to crush the federal budget. (LBJ Library/National Archives)

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