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So if we limit the debate to the real subject at hand -- namely how to avoid a massive fiscal contraction next year when all the Bush tax cuts expire, President Obama holds a very strong hand.
His predecessor was ousted earlier this month after admitting a massive fiscal overshoot: the deficit for 2003 was not 4.5% of GDP as planned, but 5.6%.
He cited Ben S. Bernanke, the Federal Reserve chairman, who has warned that unless Congress and the White House take action later this year, the United States could hurtle over a "massive fiscal cliff".
The prospect of business-friendly Temer taking power has driven Brazilian financial markets sharply higher this year, on hopes his team could cut a massive fiscal deficit and return the economy to growth.
At the end of February, in testimony to Congress, Mr. Bernanke warned that under current law, "there's going to be a massive fiscal cliff of large spending cuts and tax increases" in 2013.
"There's going to be a massive fiscal cliff of large spending cuts and tax increases" in 2013, he warned.
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In three-and-a-bit days I consumed a massive 14.86kgs of stuff – about 33lbs.
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Rhodes Must Fall has given all our old colonial statues a massive
While Britain connected 556MW of offshore energy and the Netherlands 180MW, Germany added a massive 2,282MW.
He raised thousands for a massive Christmas party for them this year and runs regular poetry workshops for them too.
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