Hey, the Budget Deficit went down ...a lot.

How about that:

The federal government’s fiscal year 2012 has come to a close, and CBO estimates that the federal budget deficit for the year was about $1.1 trillion, approximately $200 billion lower than the shortfall recorded in 2011. The 2012 deficit was equal to 7.0 percent of gross domestic product, CBO estimates, down from 8.7 percent in 2011, 9.0 percent in 2010, and 10.1 percent in 2009

So that means we do not have to enact those profoundly harmful austerity measures with cuts to entitlements that target the poor and elderly right?

Oh you know that isn't the point, the point is to make sure they happen anyway, the villagers will not be able to live without it.

Viva Democracy!

[cross-posted at Firedoglake]