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thenewgreen · 4305 days ago · link · · parent · post: ‘The deficit chart that should embarrass deficit hawks’
Hence, two things to remember in the deficit conversation: First, the deficit is expected to fall faster in 2013 than at any time in the last 60 years. And second, that kind of austerity tends to be accompanied by recessions, and we’ve already seen evidence that the same might be true this time, too.
-Sums it up. Not too thrilled about that last sentence. I'm about ready for some sun again, 5 years of economic doom and gloom are plenty.