Just in time for Obama: Budget deficit keeps declining

[Politico]

We're still running an annual deficit of about $1 trillion. We need to soon get down to $137.3 billion OVER AN ENTIRE YEAR, not $137.3 billion for November.

[Politico]

The deficit is now projected by the CBO to come in at less than 1 trillion.

GDP will grow to about 16 trillion $, so the deficit should be at about 6% (+/- 0.5%)

At about 6% of GDP about four years after the start of the last recession? Yeah, that is not good. The only silver lining is that we're still in better shape than most of the rest of the world.

[Politico]

We need to soon get down to $137.3 billion OVER AN ENTIRE YEAR, not $137.3 billion for November.

Yeah, but it's down from the 10% when Obama inherited the Bush-calamity.

We need to soon get down to $137.3 billion OVER AN ENTIRE YEAR, not $137.3 billion for November.

Yes, when Obama leaves office in Jan. 2017 that will likely be the case ...

Obama either believes that money grows on trees, or does not mind pushing a problem onto his successors, so I would not bank on it.