Growing Deficit

Hooray! The federal budget deficit is due to shrink by about $100 billion (New York Times, pg A1, 7/13/05). But there is still a deficit, and it is still huge. In talking about a budget deficit we get to ask ourselves what kind of scenario we would prefer, unlike many other processes in which we are forced to take what we get. For myself, I prefer smaller deficits and more fiscal responsibility. Apparently our President prefers otherwise.