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But the wait for war adds to uncertainties that already weigh on the American, and the global, economy:uncertainties arising from America's looming fiscal deficit, due to macroeconomic mismanagement and a tax cut that the country cannot afford;uncertainties arising from the unfinished "war on terrorism";uncertainties associated with the massive corporate accounting and banking scandals, and the Bush Administration's half-hearted efforts at reform, as a result of which no one knows what America's corporations are worth;uncertainties connected to America's massive trade deficit, which has reached all- time records.
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