Two days ago the Treasury Department announced that nine months into the fiscal year, our deficit has hit the $1 trillion mark. As bad as that sounds, it is actually better than expected, and better than the same time last year. The government has spent huge amounts of money to combat the recession so it is not al all surprising to see this.
Daniel Gross over at Slate does his best to see this announcement as a good sign for our recovery. This is the epitome of “glass half-full” kind of thinking. Thanks for keeping our hopes up, Mr. Gross.