match with the statement:
the deficit for fiscal 2015 is the lowest since 2007. We only overspent by $439 billion in fiscal 2015, compared to a $161 billion deficit in 2007.
Maybe you could say that the deficit is lower than during the fiscal crisis, but not lower than before the crisis.
No, Your Honor, I have good news. I didn’t kill 24 people, only 23! Does that mean all is forgiven now?
I like articles with such enormous short circuits. Their own “reasoning” destroys their point.
The only way what they allege is possible is if the deficit is less of a percentage of the GDP now than it was in 2007. But then it is stupid to throw out the statement “$439 billion in fiscal 2015, compared to a $161 billion deficit in 2007”. With those numbers I have to check if the assertion the deficit percentage of GDP really is less for 2015.
Wait until interest rates return to historical levels. Our debt servicing costs will soar exponentially. Silly analysis.