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The Big Puff: Obama’s Shrinking Deficit

“Congratulations, Mr. Obama, sequestration has been your most successful federal program!”
That’s what some pundits are saying in response to the President’s report that our national deficit is less than half of what it was four years ago.
On the surface, this certainly would be worthy of national applause for the sequester cuts in spending.
However, not every journalist accepted the White House deficit report as truthful. Some went digging.
One of those diggers is Fiscal Times reporter Tom Blumer.
Mr. Blumer has been boring into the boring numbers of financial statements and reports for years. Here is ...

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