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Posted AT 6:02 AM EST on 05/10/07

Pay off the national debt?

From Friday's Globe and Mail

Ottawa — Superficially, it appears prudent to use surplus federal revenue to pay down the national debt. Thus, superficially, Prime Minister Stephen Harper and Finance Minister Jim Flaherty appear prudent in directing this year's surplus revenue ($15-billion) to the national debt ($414-billion). But novel concerns now arise. Surpluses are growing inexorably larger.

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