Can Nobody Play this Game Correctly?


At 9.2 percent of gross domestic product (GDP), that deficit would be slightly smaller than the shortfall of 9.9 percent of GDP ($1.4 trillion) posted in 2009. [emphasis mine]

A 7.1% decline in real GDP terms isn’t just “slightly smaller”; it’s a real improvement that is greater than any (mythical or not) “spending freeze” would produce.