Hey y’all, the deficit is shrinking

I consider myself a deficit hawk. I dislike as much as anyone the idea that the government spends more money than it receives.

It is with that stipulation that I hail news that the federal budget deficit is shrinking. Dramatically, I should add.

http://www.mailtribune.com/apps/pbcs.dll/article?AID=/20130813/BIZ/308130307

The Congressional Budget Office — which is about as nonpartisan and unbiased as it gets — pegs the 2013 federal deficit to be at $670 billion. That’s still a lot of money to be in the hole. It’s also about half of what the annual deficit totaled when President Obama took office in January 2009.

The cause for the shrinkage? More revenue created by more taxes being paid by more Americans getting back to work.

Interesting, don’t you think?

Yet the critics keeping yammering about the president’s “failed economic policies.”

Another report out this week shows that immigration reform would help grow the economy significantly over the next two decades, thus putting downward pressure on the deficit. How does that happen? By allowing undocumented immigrants to come out of the shadows and work in the open while they set out on that vaunted “path to citizenship.”

Another “failure”? I think not.