Prometheus 6

Let me get this straight:

Congress Analysts See Record $422 Billion Deficit
Thu Aug 5, 2004 07:32 PM ET

WASHINGTON (Reuters) - Congressional analysts on Thursday lowered their U.S budget-deficit forecast for this year but said the shortfall was still heading toward a new record of $422 billion.
In its August monthly budget report, the nonpartisan Congressional Budget Office sliced $56 billion from its previous forecast for the shortfall for the 2004 fiscal year ending Sept. 30.

CBO's numbers followed last Friday's release of the White House's $445 billion forecast for this year and will likely add to election-year debate about President Bush's tax and spending policies.

Republicans say the lower forecasts are a sign of successful economic policies.

A smaller record deficit is a good sign…why?

To make it easier to break it again next year?