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.
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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%.
Texas Rainmaker has mild reaction from the Left.