What a Concept -- a Rainy Day Fund for the Federal Budget

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At www.atimes.com

'Because of the country's booming economy, the Chinese government has reaped handsome extra-budgetary revenues in recent years,' writes Asia Times Online. 'Beijing has now decided to set up a special fund to absorb such extra money so it can be spent to help balance the budget in bad fiscal years.' Remember when the US had that kind of money?

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At www.atimes.com

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