U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff

U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff

“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.”