The Sandwich Democratic Town Committee

This morning, The Boston Globe stuck a short piece in section B that should receive enormous attention, especially from Democrats and the President, but probably will go little noticed by the public: “Economy’s rise helps deficit fall”. The story states that the Treasury Department has found that through the first four months of this budget year the national deficit is down 36.6% — yes, down.

Treasury stated that the national deficit stands at $184 billion dollars for the October-January period. That is down – there’s that word again — $106 billion on a year over year comparison for the same period. Moreover, the Congressional Budget Office is estimating that for this budget year the deficit will decline to $514 billion dollars, down from a little over $680 billion from last year. The Globe story notes: “That would be the smallest imbalance in six years” (i.e. since 2008).

Good thing we elected and then re-elected a Republican president and have Republican control of the Senate. Oh, wait….