US deficits shrinking at historic rate, says Investor’s Business Daily article

With regard to the “fiscal cliff,” Jared Graham advocates continuing on the present course because “the government already has its foot on the brakes.” Fearing further deficit reduction will damage the recovery, Graham writes, “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.” htt p://news.investors****/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm#ixzz2DQueXOBD

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