Paula Deen's N-Word Excuse -- I'm Old

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Paula Deen
My N-Word Excuse ...
I'm Old Paula Deen is using the "I'm from the South" excuse to justify her use of the N-word ... saying that when she grew up, dropping an N-bomb was no big deal because everyone was racist.

Paula Deen Enterprises just issued the following statement to TMZ ... "During a deposition where she swore to tell the truth, Ms. Deen recounted having used a racial epithet in the past, speaking largely about a time in American history which was quite different than today."

FYI -- the "time" Paula admitted to using the N-word was 1986!!!!!

Anyway, the statement continues ... "[Paula] was born 60 years ago when America's South had schools that were segregated, different bathrooms, different restaurants and Americans rode in different parts of the bus. This is not today."

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"To be clear Ms. Deen does not find acceptable the use of this term under any circumstance by anyone nor condone any form of racism or discrimination. "

As we previously reported, Deen admitted using the N-word during a sworn deposition stemming from a lawsuit ... in which the chef and her brother are accused of using offensive language at Paula's restaurant in Georgia.