Report shows government's liabilities surging

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The federal government fell further into the red in 2009, with its financial position hitting a deficit of $11.46 trillion. That figure is 12.3 percent higher than the previous year, according to a new report issued by the Treasury Department on Friday. The annual report shows that the government's big entitlement programs such as Social Security and Medicare are facing a deficit over the next 75 years of $45.88 trillion, an increase in that deficit of $2.9 trillion in just one year...

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