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All Quotes by author - Doug Elmendorf

" The outlook for the Federal budget is bleak. "

" We do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount and, on the contrary, the legislation significantly expands the federal responsibility for health care costs. "

" Yes. We do think that the stimulus package is raising GDP and raising employment relative to what would have happened otherwise. "

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