The Deficit is Coming Down

It was little noticed yesterday, but the Treasury Department reported a fiscal deficit of $1.26T through August, which suggests that Obama's first budget will be $100B (8%) less than Bushes final budget deficit. Hopefully, voters will remember that the GOP President and Congress inherited a record surplus which they turned into a deficit one year. Conversely, Obama and the Democratic Congress inherited a record deficit and have begun to pare it down despite being handed the worst economy in seventy years.

Facts is facts and they are a damnable thing for the Republicans.