The US deficit shrank nine percent last fiscal year but still topped one trillion dollars, the government said Friday in a report seized on by Democrats' rivals weeks ahead of mid-term elections. For the 2010 fiscal year that ended on September 30, the government had a budget shortfall of 1.294 trillion dollars, down 122 billion dollars from the previous year's record-setting high.
These numbers are still ridiculous ("DOWN 122 billion dollars"???) but at least they are going in the right direction. Pity this had to happen during an election year where it will essentially go unnoticed. We are being bombarded by rhetoric from all sides all day long and well into the night.