Economy is REALLY headed in the right direction

In spite of the stimulus bill, in spite of TARP, in spite of the GM/AIG/Wall Street bailouts, the first Obama budget (2010) has closed the deficit by 13%, according to Bloomberg.

The excess of spending over revenue totaled $90.5 billion last month, smaller than the median forecast of economists surveyed by Bloomberg News and down 13 percent from $103.6 billion in August 2009, according to a Treasury Department report issued today in Washington. The gap for the fiscal year that started in October was $1.26 trillion compared with $1.37 trillion last year at the same time.

The Bloomberg article