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Posted AT 5:37 PM EST on 28/02/08

Beware of boasting about debt reductions

Globe and Mail Update

OTTAWA — Were you impressed when Finance Minister Jim Flaherty announced in his budget speech that the Tories have reduced the federal debt by $27.4-billion in the last two years? It certainly sounds like a magnificent accomplishment. Too bad it isn't true. Not that Mr. Flaherty was trying to deceive.

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