The federal deficit is running significantly lower than it did last year, with the budget gap for the first half of fiscal 2010 down 8 percent over the same period a year ago, senior Obama administration officials said Monday.Here we go again -- a Republican comes in, destroys the economy, creates massive budget deficits and then a Democrat comes along and straightens things out. I am very surprised though at how quickly they knocked $100 billion off Bush's historic 2009 deficit.
It will take many years to dig out from where George W. Bush and the Republican Congress left us but at least we've begun. It will be a Democrat who gets us there.
