Update: More from Bizzyblog:
A huge point has been virtually if not totally ignored since the announcement on Friday that the reported federal deficit for the fiscal year that ended a week ago was $250 billion — The Bush Administration has done what it said it would do about the deficit three years ago, and has done it a full three years early, i.e., in half the time predicted.
The terrific economic numbers will be hard to spin. Don’t be surprised if it is ignored or spun ugly.
Back Talk has the complete analysis including:
We are now well below the the average budget deficit over the last 30 years, which is 2.6%.
Who knew?
Texas Rainmaker has mild reaction from the Left.
