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This billionaire is still trying to make you panic about federal debt
This billionaire is still trying to make you panic about federal debt

Crusaders know they're nothing without something to crusade against. That's undoubtedly why hedge fund billionaire Peter G. Peterson keeps harping on the federal debt. It's the same reason that army generals talk up the capabilities of national enemies, and World Series teams express the deepest respect for their opponents. It's why Robert DeNiro's White House operative Conrad Brean in "Wag the Dog" told William H. Macy's CIA man: "If there's no threat, what good are you?" Peterson has made a name for himself as a deficit hawk, and even though the federal deficit as a share of the economy has come down sharply over the last six or...

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