Latest Yearly Federal Budget Deficit Calculation - $568.3 Billion

The market doesn't care -- look at the 30-year bond issued this week. 4.545%!! An inverted yield curve! Can't use the argument that the deficit will push up interest rates, because the evidence is solidly otherwise.

Not that I like it anymore than others, but until we get a handle on entitlements, which the Democrats are holding hostage, all we can do is try to grow our way out of it. A 14.5% surge in receipts last year (in a 3.5% economy) shows that the tax cuts have paid for themselves already, and we need to hold firm.