[lbo-talk] On the deficit ...

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Nov 20 14:53:34 PST 2012


http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm

U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff Tue, Nov 20 2012 By JED GRAHAM

Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.

In fact, outside of that post-WWII era, the only time the deficit has fallen faster was when the economy relapsed in 1937, turning the Great Depression into a decade-long affair.

[ ... ]

Something to think about when people say to you that Federal spending is out of control.

/jordan



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