We should proposed tax breaks for wealthy German employers to relocate here.
DEFICITS AND SURPLUSES AS A PERCENTGE OF GDP
During World War Two, the U.S. budget deficit as a percentage of gross domestic product (GDP) reached as high as 30.3 percent. The post-1946 record high of 6.0 percent was reached in 1983. The largest surplus in the post-war period was 4.6 percent in 1948. From 1993 to the 2005 proposals, the path is:
Deficit/Surplus
Fiscal year as percent of GDP
1993 -3.9
1994 -2.9
1995 -2.2
1996 -1.4
1997 -0.3
1998 0.8
1999 1.4
2000 2.4
2001 1.3
2002 -1.5
2003 -3.5
2004 (estimate) -4.5
2005 (estimate) -3.0
Interestingly enough, they don't need tax breaks to move here - over 400,000 have and the Germans are offering them tax breaks to move back. No takers German DW-TV reports.