Why Nobody Cares That The Deficit Is Shrinking

The Deficit Is Shrinking And Nobody Cares
NATIONAL HARBOR, MD - MARCH 15: U.S. Sen. Paul Ryan (R-WI) delivers remarks during the second day of the 40th annual Conservative Political Action Conference (CPAC) March 15, 2013 in National Harbor, Maryland. The American conservative Union held its annual conference in the suburb of Washington, DC, to rally conservatives and generate ideas. (Photo by Alex Wong/Getty Images)
NATIONAL HARBOR, MD - MARCH 15: U.S. Sen. Paul Ryan (R-WI) delivers remarks during the second day of the 40th annual Conservative Political Action Conference (CPAC) March 15, 2013 in National Harbor, Maryland. The American conservative Union held its annual conference in the suburb of Washington, DC, to rally conservatives and generate ideas. (Photo by Alex Wong/Getty Images)

On May 14, as Washington officialdom was transfixed by the IRS scandal, the Congressional Budget Office announced that the budget deficit will shrink this fiscal year to $642 billion, or just 4 percent of gross domestic product

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