German Chancellor defends planned lithium deal with Serbia
Mercedes-Benz and Stellantis are currently in discussions with Serbia’s government to invest in the country.
The US federal deficit has fallen over the past three years at a faster rate than during any comparable time period since the end of the Second World War.
Investors.com reports that the only time the deficit has fallen at a more rapid rate outside of the post-war period was when the US economy faltered in 1937 and the Great Depression was prolonged as a consequence
Investors.com’s Capital Hill correspondent Jed Graham further claims US history shows “we are already testing the speed limits of a fiscal consolidation that doesn’t risk backfiring” and that the best way to address the fiscal cliff is to postpone it.
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Chart courtesy of Investors.com
3 Comments
wx7b
What planet is this guy on?
sj_ken
You can play games with numbers, but the reality of $16 Trillion deficit can’t be hidden with funny math. If interest rates went up to only 5% the interest on that debt would be $800 Billion a year!
The US needs to not only let the “fiscal cliff” happen, we need to double both the cuts and the tax increases. Only then will we have a chance for a future. But Congress has never been much for doing the hard thing. So nothing will be done, and the US will keep going down the road to disaster. Maybe we could sell Alaska to China for $16 Trillion?
Shapesphere
If I jumped out of a plane without a parachute, the speed and momentum of my descent would kill me. However, at the point when my body hits the ground, my rate of descent decreases at a faster rate than at any time during my descent, until finally reaching zero. Conclusion? It is safe to jump out of planes without a parachute.
In other words, the math in this article is ridiculous (see sj_ken’s posting as well who seems to agree with me)