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Irwin Stelzer: Slow-growth Europe, here we come 

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Passage of the health care bill has focused investor attention on the runaway deficit situation, and its long-term consequences. The deficit, which ran to around 3 percent of gross domestic product in President George W. Bush's final year, is already exceeding 10 percent. Government debt held by the public has gone from 40 percent of GDP when Bush was in the White House to 63 percent now and,...

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