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US Chamber: Social Security, Medicare 'doomed' without $40 trillion more

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Tired of waiting for President Obama to act, the U.S. Chamber of Commerce Wednesday unveiled a sweeping new campaign to convince Congress and the public that the nation's entitlement programs are "doomed" if radical reforms worth $40 trillion aren't made now. "Entitlements are on a doomed course," said Chamber President Thomas Donohue. He called them "a ticking time bomb." Bruce Josten,...