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National Debt #86615

ABC Evening News for Friday, Sep 30, 1983
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(Studio) National debt at end of George Washington's 1st year in office recalled; current national debt noted.
REPORTER: Peter Jennings

(NYC) United States government noted running deficit every since Richard Nixon's 2nd year in office; budget process explained. Stance reversals of President Reagan's admin. and Democrats on issue of budget deficits examined; Reagan's campaign promises on issue recalled. Treasury Secretary Don. Regan's defense of deficits outlined. Admin. economy adviser Martin Feldstein's opposite interpretation of situation noted. Democratic party radio commercial regarding bal. budget played. Irony in situation considered.
REPORTER: Dan Cordtz

Cordtz, Dan;
Jennings, Peter

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